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Full text of "Statistical summary, December 1946- January 1947"

Govenunct 
Public* Won* 






Digitized by the Internet Archive 
in 2013 



http://archive.org/details/statisticalsumma1947bank 



BANK OF CANADA 
STATISTICAL SUMMARY 



1946 - 49 



6*5 f 555 



/ ^ * - <i 



•7 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables 

Bank of Canada : 

Liabilities and Assets 



Charts 



II Chartered Banks: 

Liabilities and Assets 

Canadian Deposits and Active Note Circulation . 

Cash in Canada and Canadian Deposits 

Canadian Deposits 

Canadian Deposits, Loans and Dom.-Prov. Secutiries 
Annual Classification of Demand and Notice Deposits 

Public Demand and Notice Deposits in Canada . 
Annual Classification of Loans in Canada 

Current Loans to the Public in Canada 

III Security Prices: 

Govt. Securities, Canada, U.K. and U.S. A 

Yields of Gov't Bonds, Canada, U.K. and U.S.A. 

IV Stock Exchange Statistics 

Common Stock Price Indexes and Total Value of Listed Stock 

V Business Activity 

VI Wholesale Prices 

VII Farm Prices of Agricultural Products 

VIII Farm Operating and Living Costs . 

IX Bond Issues and Retirements 

X Bonds Outstanding .... 

XI Merchandise Imports: Commodity Classification 



Pages 
1 - 2 

3 -4 
1 
2 
3 
4 
5 
5 
6 
6 

7 

7 

8 
8 

9 

9 

10 

10 

11 - 12 

12 

13 - 14 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. 

Most of the figures in the Summary are, for want of space, given to a certain degree of approximation only. Where 

this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



DEC. 1946 - JAN. 1947 



Millions of Dollars 



DEC. 1946 -JAN. 1947 

I— BAVL 



Average of 
Month-end Figures 

1935-10 Mths. 

1936-12 Mths. 

1937 

1938 

1939 

1940 
1941 
1942 
1943 
1944 
1945 
1946 

End of 

1945— Aug. 
Sept. 
Oct. 
Nov. 
Dec. 

1946— Aug. 
Sept. 
Oct. 
Nov. 
Dec. 



LIABILITIES 



Chartered Bank Cash 



Notes 
in Tills 



36.7 
38.3 
46.2 
51.4 
55.6 

70.2 
86.4 
100.2 
112.4 
122.2 
138.1 
144.3 

127.9 
130.5 
155.9 
141.4 
162.9 

134.0 
153.6 
149.3 
140.4 
176.9 



Deposits 

at 
B. of C. 



175.8 
186.8 
193.7 
200.7 
212.6 

217.2 
221.9 
240.2 
300.4 
404.7 
454.8 
528.8 

444.4 
442.9 
474.2 
495.2 
521.2 

521.1 
511.3 
538.6 
579.5 
565.5 



Total 



212.5 
225.1 
239.9 
252.1 
268.2 

287.3 
308.3 
340.4 
412.9 
526.9 
592.9 
673.1 



572. 
573. 
630, 
636, 
684, 



655.2 
664.9 
687.9 
719.9 
742.4 



Govt. 
Deposits 



20.7 
20.3 
24.3 
21.2 
29.8 

42.4 
55.7 
50.2 
47.6 
41.2 
56.7 
99.4 

32.6 

39.6 

51.0 

159.1 

153.3 

69.1 
27.4 
36.6 
63.9 
60.5 



Other- 
Deposits 



.6 

.9 

1.1 

2.2 

10.2 

8.5 
6.7 
17.2 
22.9 
26.1 
36.2 
76.9 

39.7 

22.4 
32.4 
27.4 
29.8 

79.7 

87.8 
85.2 
79.4 
93.8 



Special 

Foreign 

Deposits' 1 * 



28.7 

171.7 

27.3 

176.1 
176.1 
175.5 
159.0 
156.8 

1.7 
.7 
.9 
.9 

1.0 



Active 
B. of C. 

Note 
Circulation 



50.1 

66.9 

94.9 

109.7 

129.3 

206.9 
320.0 
472.0 
661.0 
821.3 
940.9 
981.7 

970.0 
982.0 
980.7 
972.4 
966.2 

993.4 

994.0 

1,007.6 

1,020.7 

1,009.3 



All 

Other 

Accounts 



6.6 

9.2 

13.2 

12.8 

11.0 

15.7 
19.5 
22.6 
30.3 
36.7 
42.4 
40.5 

63.1 

37.8 
45.8 
71.5 
41.7 

35.3 

47.2 
45.8 
45.9 
41.7 



-- 



Tota . 

Liabili 

or | 

Assei I 



290 
322 
37; 
39* 
44* 

56( 
71( 
902 
1,17- 
1,48( 
1,84( 
2,32: 

1,853 

1,831 

1,91 

2,021 

2,03 

1,83 

1,82 

1,86 

1,931 

1,941 



(1) Deposits payable in sterling. U.S.A. and foreign gold currencies, as shown under Item S (a) in the Bank of Canada Statement, representing foreign exchant 
representing foreign exchange held for account of foreign clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to the enac 
holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that Ai 

CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION* 1926-46 



MILLIONS OF DOLLARS 

8000 



MILLIONS OF DOLLARS 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



"526 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 

* Bank of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



1 CANADA 


















Millions of Dollars 










ASSETS 












. 




Reserve 






Securities 




All 
Other 

Accounts 




i 
■Id 


Silver 


Foreign* 2 ' 
Currencies 


Total"' 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Under 


Dom.-Prov. 
Over 


Total"' 


Advances 












% 


2 yrs. 


2 yrs. 






























Average of 






















Month-end Figures 


1.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


i.S 


1.8 


9.5 


191.1 


60.99 


38.3 


86.9 


125.2 


1.7 


4.5 


1936-12 Mths. 


2.0 


2.5 


19.0 


203.5 


56 .50 


59.7 


97.7 


163.9 


- 


5.9 


1937 


L.2 


.8 


27.6 


209.6 


54.42 


123.6 


52.5 


181.1 


1.0 


6.3 


1938 


).8 


- 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


6.7 


1939 






* 


* 


* 


* 


* 


* 








3.3 


— 


36.1 


111.4 




326.6 


108.4 


435.1 


3.5 


11.0 


1940 




- 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


173.9 




1,028.5 


595.9 


1,634.4 


.5 


31.8 


1945 




— 


27.3 


27.3 




1,247.3 


583.4 


1,842.4 


— 


29.1 


1946 

End of 




- 


176.1 


176.1 




1,031.5 


584.0 


1,625.5 


- 


52.3 


Aug.— 1945 




- 


176.1 


176.1 




1,028.9 


591.4 


1,630.3 


- 


24.9 


Sept. 




- 


176.1 


176.1 




1,109.4 


590.6 


1,709.9 


- 


29.5 


Oct. 




- 


159.0 


159.0 




1,168.1 


629.4 


1,807.6 


- 


54.5 


Nov. 




- 


156.8 


156.8 




1,157.3 


688.3 


1,855.6 


- 


19.5 


Dec. 




- 


1.7 


1.7 




1,257.7 


530.8 


1,798.5 


— 


34.1 


Aug.— 1946 




- 


.7 


.7 




1,259.1 


523.9 


1,798.0 


- 


23.3 


Sept. 




- 


.9 


.9 




1,301.5 


521.5 


1,838.0 


- 


25.1 


Oct. 




- 


.9 


.9 




1,283.8 


60.5.0 


1,903.8 


- 


25.9 


Nov. 




— 


1.0 


1.0 




1,197.4 


708.2 


1,920.6 


— 


27.1 


Dec. 



osit for account of foreign clients. (2) Includes an amount of foreign exchange ejqual to the amount shown under Item 5 (a) in the Bank of Canada Statement 
he War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange 
minimum gold reserve requirement has been suspended. 



CHARTERED BANKS' CASH IN CANADA* AND CANADIAN DEPOSITS*' 1926-46 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 

8000 



. 




1926 27 28 29 30 31 32 33 34 35 36 37 38 39 

* See note (3) on page 3 t Average of month-end estimated Canadian deposits in 1926-35. 



DEC. 1946 -JAN. 1947 



: 

























II— CHAR! 


it 


Millions of Dolla 


rs 
















Bani 






LIABILITIES 








Notes 


Deposits 


Cash 

in 0) 
Canada 


Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 


Foreign 


Total 
Deposits 

(2) 


DOM.-PROV. 


Foreign 
Govt. 


Oth 






Under2yrs. 


Over 2 yrs. 




Average of 
Month-end figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 




1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 




1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 




1939 


94 


742 


1,699 


146 


2,630 


474 


3,144 


268 


516 


718 


78 


22 




1940 


91 


875 


1,647 


227 


2,753 


430 


3,250 


287 


681 


630 


63 


20 




1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


62 


18 


1 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


106 


16 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


U 


fc 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


209 


15 £ 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,863 


1,575 


228 


19 


i 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1 ,573 


2,162 


276 


21 


1 


End of 

1945— Aug. 


28 


2,026 


2,833 


370 


5,215 


762 


6,113 


572 


1,850 


1,565 


226 


IS 


f 


Sept. 


27 


2,092 


2,935 


242 


5,264 


778 


6,167 


573 


1,916 


1,615 


232 


19 




Oct. 


27 


2,297 


2,992 


285 


5,578 


824 


6,522 


630 


2,027 


1,675 


258 


1< 




Nov. 


26 


2,046 


2,816 


1,151 


6,004 


779 


6,924 


637 


1,446 


2,126 


241 


20 




Dec. 


26 


2,063 


2,865 


1,013 


5,949 


812 


6,884 


684 


1,415 


2,171 


242 


21 




1946— Aug. 


23 


2,148 


3,466 


278 


5,935 


782 


6,827 


655 


1,604 


2,161 


276 


29 




Sept. 


22 


2,265 


3,524 


248 


6,092 


798 


7,000 


665 


1,639 


2,154 


274 


30 




Oct. 


22 


2,316 


3,477 


408 


6,245 


803 


7,161 


688 


1,658 


2,207 


280 


3 




Nov. 


22 


2,182 


3,460 


720 


6,403 


802 


7,314 


720 


1,706 


2,209 


270 


31 




Dec. 


21 


2,291 


3,469 


492 


6,295 


813 


7,226 


742 


1,308 


2,325 


276 


32 




(1) Estimated mont 
(3) Until March 193 


i-end depo 
5: Gold an< 


sits payable 
i Coin in Ca 


in Canadian 
nada, Domi 


currency, 
lion Notes a 


(2) Includes 
rid "Free" C 


inter-bank 
;ntral Golc 


deposits. 
, Reserve De 


posits; after that date: Bank of Canada Notes and Dei 





CHARTERED BANKS ■ CANADIAN DEPOSITS ■ 1926-46 



MILLIONS OF DOLLARS 



4000 



MILLIONS OF DOLLARS 

4000 



3000 




3000 



2000 



2000 



1000 



1926 27 SB 29 30 31 32 33 34 35 

Chiefly Dominion and Provincial Government and Foreign Banks. 



DEC. 1946 - JAN. 1947 

\\D BANKS 
Mada 









ASSETS 










Loans 




>tal 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 


Current 


Call 


Current 






Public 


Other 








533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


4540 


55 


855 


133 


48 


145 


3,592 


1579 


44 


969 


122 


44 


138 


3,707 


^1727 


34 


1,091 


95 


44 


133 


4,008 


$073 


29 


1,075 


80 


56 


127 


4,400 


1714 
1353 


35 


1,053 


62 


81 


102 


5,149 


62 


1,022 


44 


100 


114 


5,990 


1358 


130 


1,100 


35 


108 


131 


6,743 


$287 


132 


1,223 


44 


87 


155 


7,430 


(335 


112 


988 


33 


119 


129 


6,580 


I960 


109 


969 


33 


118 


128 


6,640 


(159 


130 


979 


30 


96 


137 


6,992 


1015 


239 


1,314 


58 


108 


146 


7,389 


'038 


251 


1,227 


47 


120 


151 


7,353 


336 


98 


1.210 


40 


77 


148 


7,342 


1375 


91 


1,236 


48 


86 


160 


7,508 


1471 


97 


1,302 


39 


80 


165 


7,693 


1496 


117 


1,431 


46 


70 


168 


7,877 


1232 


135 


1,454 


53 


77 


178 


7,799 









Millions of Dollars 


DAILY AVERAGE DATA 




C 




Percent 


Total 




. s 


Canadian 


of Cash to 


Active 




' n (3) 


Deposits 


Canadian 


Note ( S ) 






(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


269 


2,582 


10.4 


216 


1939 


289 


2,722 


10.6 


287 


1940 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672 


5,916 


11.4 


992 


1946 


599 


5,172 


11.6 


966 


Aug.-1945 


581 


5,179 


11.2 


983 


Sept. 


604 


5,338 


11.3 


999 


Oct. 


657 


5,868 


11.2 


985 


Nov. 


676 


5,854 


11.5 


989 


Dec. 


681 


5,898 


11.6 


992 


Aug-1946 


659 


5,973 


11.0 


1,006 


Sept. 


677 


6,100 


11.1 


1,015 


Oct. 


718 


6,298 


11.4 


1,022 


Oct. 


696 


6,199 


11.2 


1,030 


Dec. 



jures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
ink of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 

CHARTERED BANKS = CANADIAN DEPOSITS, LOANS &. DOM- PROY SECURITIES : 1926-46 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



1926 27 28 29 30 



31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 



DEC. 1946 - JAN. 1947 

II— CHART 

Departmi 





ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 












NUMBER 










AMOUNT 






As at 






Thousands 








Millions of Dollars 




October 31 
























1942 


1943 


1944 


1945 


1946 


1942 


1943 


1944 


1945 


1946 


Demand Deposits 






















$1,000 or less 


616.5 


611.9 


602.1 


592.0 


649.2 


118.5 


132.7 


142.1 


166.3 


165.6 


$1,000 to $5,000 


77.2 


94.3 


120.1 


133.3 


142.3 


163.5 


202.0 


259.0 


289.0 


307.2 


$5,000 to $25,000 


20.0 


25.0 


29.4 


34.9 


37.1 


201.7 


252.2 


295.8 


344.0 


372.3 


$25,000 to $100,000 


4.5 


5.1 


5.8 


6.7 


7.5 


213.6 


240.3 


268.1 


307.2 


350.9 


Over $100,000 


1.7 


2.0 


2.2 


2.5 


2.4 


895.6 


983.6 


1,145.4 


1,159.8 


1,097.7 


Adjustment Items 


— 


— 


— 


— 


— 


+ 16.2 


+ 16.0 


+ 34.0 


+30.6 


+ 22.0 


Total Demand Deposits 


719.8 


738.3 


759.5 


769.3 


838.5 


1,609.1 


1,826.8 


2,144.5 


2,297.0 


2,315.7 


Notice Deposits 






















$1,000 or less 


4,055.0 


4,280.4 


4,588.0 


4,968.7 


5,290.7 


534.6 


617.3 


752.3 


862.3 


901.0 


$1,000 to $5,000 


280.6 


342.8 


454.3 


584.2 


690.2 


548.8 


671.1 


880.2 


1,142.9 


1,373.3 


$5,000 to $25,000 


31.2 


35.8 


47.4 


60.0 


77.5 


271.4 


308.9 


405.1 


497.0 


645.3 


$25,000 to $100,000 


2.2 


2.4 


2.8 


3.1 


4.1 


98.9 


105.4 


122.0 


133.4 


180.5 


Over $100,000 


.7 


.7 


.7 


.8 


1.0 


247.8 


250.8 


322.7 


347.8 


365.7 


Adjustment Items 


— 


— 


— 


— 


- 


+ 7.2 


+ 7.7 


+ 6.6 


+ 8.3 


+ 10.9 


Total Notice Deposits 


4,369.7 


4,662.1 


5,093.2 


5,616.7 


6,063.5 


1,708.7 


1,961.2 


2,488.9 


2,991.6 


3,476.7 



CHARTERED BANKS : PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA : 1935-46 

BILLIONS OF DOLLARS BILLIONS OF DOLLARS 







60 



DEC. 1946 - JAN. 1947 
fo BANKS 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 



Millions of Dollars 



As at October 31 



Provincial governments 

Municipal governments and school districts 

Agriculture : 

Farmers loans; cattle loans; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. . 

Total Agriculture 

Financial : 

Call loans and other accommodation to brokers and dealers. 

Loans to specified institutions 

Loans to individuals against securities 



Total Financial. 



Merchandising; wholesale and retail 

Manufacturers of and dealers in lumber; pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mi 



lining. 



Fishing ; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
Other loans 



Total Loans in Canada. 



1942 



4.5 
66.3 

46.5 
293.6 



340.1 

26.8 
37.3 
83.7 



147.8 

123.1 

41.6 

213.9 

8.9 

9.6 

14.3 

49.4 

10.4 

76.2 



1,106.3 



1943 

5.3 
48.0 

49.8 
245.9 



295.8 

39.4 

27.1 

100.0 



166.6 

100.0 

43.4 

259.4 

10.0 

8.3 
13.4 
45.5 

7.7 
74.4 



1,077.8 



1944 

5.4 
33.2 

57.7 
209.3 



267.0 

56.8 

27.6 
125.0 



209.5 

122.2 

52.8 

201.6 

12.7 

11.6 

6.3 
39.0 

6.2 
82.0 



1,049.6 



1945 

11.5 
20.2 

71.3 
109.5 



180.8 

130.6 

34.2 
172.5 



337.3 

153.9 

61.4 

189.2 

11.5 

11.4 

7.8 

47.6 

6.4 

100.4 



1,139.5 



1946 

12.1 
26.5 

109.8 
67.7 



177.5 

97.8 

63.7 

220.8 



382.4 

240.1 

79.4 

238.8 

13.7 

16.4 

15.9 

71.8 

7.8 

156.5 



1,438.9 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA : 1935-46 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



I400 



I200 



I400 



I200 



I000 




DEC. 1946 - JAN. 1947 



III— SECURITY PRICES 

Bank of Canada 





Government Bonds 


3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada"' 


U. 


K.»i 


U.S.A.") 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1944 






100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


1945 


100.28 


2.98 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.58 


2.57 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


Monthly 

1945— Sept. 


100.3S 


2.97 


100.68 


2.94 


102.03 


2.36 


.361 


1.010 


.375 


Oct. 


100.38 


2.97 


100.82 


2.93 


102.30 


2.34 


.363 


1.000 


.375 


Nov. 


100.56 


2.95 


100.79 


2.93 


102.37 


2.34 


.364 


.505 


.375 


Dec. 


101.53 


2.86 


100.58 


2.95 


102.45 


2.33 


.363 


.499 


.375 


1946— Jan. 


102.74 


2.75 


101.94 


2.82 


104.69 


2.18 


.363 


.501 


.375 


Feb. 


104.19 


2.62 


103.08 


2.72 


106.23 


2.08 


.363 


.503 


.375 


Mar. 


104.89 


2.55 


103.51 


2.68 


106.77 


2.04 


.362 


.506 


.375 


Apr. 


104.91 


2.55 


105.12 


2.54 


106.93 


2.03 


.373 


.508 


.375 


May 


104.75 


2.56 


105.11 


2.53 


105.24 


2.14 


.385 


.504 


.375 


June 


104.86 


2.55 


104.62 


2.57 


105.65 


2.11 


.393 


.505 


.375 


July 


104.81 


2.55 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


.375 


Aug. 


104.75 


2.55 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


.376 


Sept. 


104.75 


2.55 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


.375 


Oct. 


104.77 


2.55 


106.58 


2.39 


103.99 


2.22 


.395 


.506 


.375 


Nov. 


104.79 


2.54 


108.46 


2.22 


104.09 


2.21 


.396 


.507 


.376 


Dec. 


104.76 


2.54 


108.35 


2.22 


104.19 


2.20 


.396 


.500 


.375 


1947— Jan. 


104.76 


2.54 


108.53 (4) 


2.20 w 


104.68 


2.17 


.399 


.500 


.375 



(1) Dominion of Canada 3% due Feb. 1. 1959-62. (2) United Kingdom 3% due Apr. 15. 19S9-69. (3) U.S. Treasury 2J^% due Dec. 15. 1963-68 is 
not eligible for commercial banks before Dec. 1, 1952. (4) Jan. 1-17. 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A. 

Daily Opening Quotations 



1946-47 




* Security is not eligible for commercial banks before Dec. 1, 1952. 



DEC. 1946 -JAN. 1947 



IV— STOCK EXCHANGE STATISTICS 
MONTREAL AND TORONTO STOCK EXCHANGES 

Stock Excliange Bulletins 





Member Borrowi- 


«IGS(2) 
ITERAL 


Market Value of (2) 
All Listed Stocks 


Common Stock Price IndexesU) 


Value of 
Traded dur 


Shares 




on Canadian Coll/ 


Montreal Stock 
Exchange 
1926 = 100 


Toronto Stock 
Exchange 
1933 = 100 


ing Month 




Millions of Dollars 


Millions < 


>/ Dollars 


Millions c 


/ Dollars 




(1) 
Montreal 


en 

Toronto 


(1) 
Total 


U) 
Montreal 


(1) 
Toronto 


20 

Industrials 


10 

Utilities 


20 
Golds 


10 
Base Metals 


0) 
Montreal 


Toronto 


Average of 
Monthly Figuers 

1938 


15.5 


23.7 


39.3 


4,979 


4,768 


78 


65 


119 


88 


22.9 


37.0 


1939 


12.1 


16.8 


28.8 


4,912 


4,673 


78 


66 


118 


90 


18.0 


24.5 


1940 


8.8 


11.7 


20.4 


4,303 


4,060 


73 


59 


102 


71 


7.9 


11.0 


1941 


5.7 


8.6 


14.3 


3,911 


3,654 


59 


46 


98 


67 


4.5 


6.9 


1942 


• 5.5 


7.8 


13.2 


3,633 


3,356 


57 


43 


65 


63 


3.7 


4.9 


1943 


7.5 


9.1 


16.7 


4,657 


4,462 


75 


58 


88 


72 


9.2 


15.2 


1944 


10.3 


17.6 


27.9 


4,936 


5,005 


82 


54 


107 


72 


10.9 


22.2 


1945 


16.9 


28.2 


45.1 


5,958 


6,358 


104 


64 


126 


81 


23.7 


51.5 


1946 


22.5 


31.5 


54.0 


7,400 


7,521 


133 


78 


117 


93 


39.2 


62.4 


Monthly 

1946— Jan. 


28.1 


40.7 


68.8 


7,093 


8,026 


131 


77 


143 


102 


64.2 


118.4 


Feb. 


29.5 


37.7 


67.2 


7,635 


7,711 


133 


78 


144 


104 


52.3 


99.9 


Mar. 


27.5 


28.9 


56.4 


7,739 


7,813 


131 


81 


133 


97 


38.5 


64.9 


Apr. 


24.8 


33.2 


58.0 


7,890 


7,993 


141 


82 


132 


100 


54.2 


75.0 


May 


26.0 


33.8 


59.8 


7,981 


8,056 


145 


82 


124 


101 


52.1 


76.6 


June 


24.6 


33.9 


58.5 


7,779 


7,852 


147 


80 


121 


100 


32.6 


44.2 


July 


19.5 


29.0 


48.5 


7,573 


7,522 


140 


78 


108 


92 


31.4 


48.8 


Aug. 


19.4 


28.1 


47.5 


7,542 


7,457 


139 


77 


104 


90 


26.8 


39.9 


Sept. 


15.6 


28.1 


43.7 


6,800 


6,810 


122 


73 


96 


81 


40.8 


62.2 


Oct. 


18.0 


26.8 


44.9 


6,751 


6,719 


121 


74 


96 


79 


26.8 


40.0 


Nov. 


17.2 


27.5 


44.6 


6,904 


7,048 


121 


75 


104 


81 


24.1 


41,9 


Dec. 


19.6 


30.0 


49.6 


7,114 


7,241 


124 


76 


103 


85 


26.5 


37.1 



(1) Including Curb Market. (2) Month-end figures. (3) Monthly Average of daily closing Index. 

COMMON STOCK PRICE INDEXES (U AND TOTAL VALUE OF LISTED STOCKS®: 1945-46 



INDEX 



BILLIONS OF DOLLARS 



INDEX 





DJFMAMJJASONDJFMAMJJASOND 

1945 1946 

(1) Monthly Average. (2) Month-end. 



DJFMAMJJASONDJ FMAMJJ ASOND 
1945 1946 



DEC. 1946 -JAN. 1947 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 

Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonal!)! 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 21 


Index 

(3) 

Unadjusted 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 

869 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


June 1, 
1941 = 100 


Annual Totals' ' 

1926 


1,754 


33 


1,889 


9,354 


110 


3,268 




65.1 




1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


— 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1940 


5,311 


123 


2,254 


3,419 


22,522 


68 


2,827 


116/2 


81.2 


_ 


1941 


5,345 


141 


2,712 


3,426 


27,724 


92 


3,200 


133.8 


99.6 


— 


1942 


4,841 


143 


3,110 


3,177 


32,506 


79 


3,386 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,467 


150.8 


120.4 


144.9 


1944 


2,923 


137 


3,024 


2,992 


35,055 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,881 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,845* 


94* 


2,335 


4,143 


31,063 


213 


3,690 


218.4 


113.4 


142.3 


Monthly 

1945— Aug. 


215.4 


11.0 


224.9 


287.0 


2,526 


20.2 


314 


184.7 


114.6 


143.0 


Sept. 


215.2 


8.3 


198.5 


270.0 


2,413 


19.5 


300 


205.3 


113.2 


141.1 


Oct. 


233.5 


8.6 


205.8 


311.0 


2,539 


15.2 


341 


189.3 


110.5 


137.8 


Nov. 


224.5 


7.7 


208.0 


299.2 


2,444 


16.6 


322 


222.4 


112.1 


139.3 


Dec. 


243.9 


7.6 


219.3 


276.9 


2,498 


8.3 


272 


174.4 


113.4 


139.5 


1946— Aug. 


231.2 


7.7 


88.7 


370.7 


2,546 


19.2 


325 


232.2 


113.2 


143.1 


Sept. 


229.9 


8.0 


76.6 


330.1 


2,476 


13.5 


324 


244.5 


114.9 


145.6 


Oct. 


240.8 


8.6 


123.8 


376.4 


2,725 


21.5 


371 


218.3 


116.6 


149.8 


Nov. 


231.2 


8.7 


222.6 


364.3 


2,777 


16.0 


349 


261.1 


119.6 


154.4 


Dec. 






237.3 


342.0 


2,877 


10.2 


295 


202.8 


121.4 


159.6 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries, 
of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Nov., 1946. 



First of month. (4) Average 



VI— WHOLESALE PRICES 

Index 1926 = 100 
CANADA U.K. 

Dominion Bureau of Statistics Board of Traded 



U.S.A. 

Bureau of Labor Statistics 





Farm 

Products 
* 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1941 


72.8 


81.8 


89.5 


88.8 


90.0 


1942 


85.0 


90.1 


98.1 


91.9 


95.6 


1943 


97.9 


99.1 


102.4 


93.1 


100.0 


1944 


107.1 


104.0 


101.4 


93.6 


102.5 


1945 


109.7 


105.6 


103.4 


94.0 


103.6 


1946 


111.7 


109.4 


107.4 


98.7 


108.6 


Monthly 

1945-Dec. 


109.4 


106.0 


104.0 


94.3 


103.9 


1946-Jan. 


109.6 


106.8 


103.6 


95.3 


104.6 


Feb. 


110.3 


106.9 


103.8 


95.4 


105.2 


Mar. 


110.3 


107.0 


104.1 


95.9 


105.6 


Apr. 


110.7 


108.0 


106.7 


98.5 


108.2 


Mav 


111.5 


108.6 


106.6 


98.5 


108.6 


June 


112.7 


109.7 


108.1 


98.5 


109.1 


July 


113.8 


110.2 


109.8 


98.8 


109.5 


Aug. 


111.1 


108.4 


108.0 


99.5 


109.2 


Sept. 


110.5 


108.1 


107.5 


99.7 


109.1 


Oct. 


112.8 


112.4 


109.9 


101.2 


110.8 


Nov. 


113.4 


113.0 


110.3 


101.2 


111.4 


Dec. 


113.5 


113.2 


110.1 


101.6 


111.8 



Foods 


Total 


100.0 


100.0 


93.9 


92.2 


71.8 


69.1 


119.5 


123.1 


128.8 


128.6 


130.8 


131.4 


129.1 


134.1 


129.2 


136.4 


129.3 


141.4 


128.9 


136.8 


128.8 


138.8 


128.8 


138.6 


129.4 


138.9 


129.7 


139.4 


129.8 


139.8 


129.7 


139.9 


131.6 


142.4 


130.1 


142.7 


129.4 


143.2 


128.6 


143.3 


128.2 


144,5 


127.9 


145.2 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


82.4 


83.5 


82.7 


89.1 


87.3 


105.9 


100.6 


99.6 


98.6 


98.8 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


128.3 


116.9 


106.2 


101.8 


105.8 


148.6 


134.5 


130.4 


115.8 


120.9 


131.5 


119.2 


108.6 


102.5 


107.1 


129.9 


118.3 


107.3 


102.9 


107.1 


130.8 


118.9 


107.8 


103.4 


107.7 


133.4 


120.5 


109.4 


104.5 


108.9 


135.4 


122.2 


110.8 


105.5 


110.2 


137.5 


123.6 


111.5 


106.1 


111.0 


140.1 


126.3 


112.9 


107.3 


112.9 


157.0 


141.7 


140.2 


118.9 


124.7 


161.0 


145.7 


149.0 


123.9 


129.1 


154.3 


141.4 


131.9 


117.2 


124.0 


165.3 


148.7 


157.9 


129.6 


134.1 


169.8 


153.4 


105.4 


134.7 


139.7 


168.1 


153.2 


160.1 


135.7 


140.9 






An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series is 
not directly comparable with the U.S.A. "Farm Products Index". (1) Adjusted to 1926 = 100 from base 1913 = 100 in 1926-29 and from base 1930=100 
in 1930 and thereafter. 



r )EC. 1946 - JAN. 1947 



Index 1935-39 = 100 



10 



VII— FARM PRICES OF AGRICULTURAL PRODUCTSt 

Dominion Bureau of Statistics 





P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Max. 


Sask. 


Alta. 


B.C. 


Canada 


Annual Average 






















1935 


81.4 


92.6 


80.8 


90.1 


93.2 


85.6 


83.1 


84.3 


92.7 


88.0 


1936 


118.0 


103.5 


110.2 


98.6 


98.8 


94.0 


93.4 


93.8 


100.4 


96.9 


1937 


103.7 


99.3 


100.1 


104.1 


108.7 


129.9 


136.4 


131.4 


107.1 


119.7 


1938 


92.4 


101.4 


97.4 


107.0 


104.0 


104.9 


107.6 


105.6 


100.1 


105.0 


1939 


104.6 


107.6 


111.4 


100.4 


99.2 


85.6 


79.9 


84.9 


98.8 


91.8 


1940 


101.6 


99.6 


110.1 


103.7 


104.2 


92.8 


86.5 


90.6 


103.6 


96.8 


1941 


105.2 


117.1 


115.5 


127.4 


120.2 


103.7 


93.8 


102.8 


114.5 


110.2 


1942 


156.2 


144.1 


160.4 


153.4 


147.0 


122.2 


110.5 


121.7 


140.6 


133.1 


1943 


190.3 


169.1 


181.4 


172.6 


165.0 


151.3* 


139.9* 


149.9* 


175.9 


157.8* 


1944 


172.7 


173.3 


171.8 


171.7 


168.7 


172.4* 


170.3* 


176.0* 


179.6 


171.8* 


1945 


196.9 


177.2 


193.8 


179.3 


174.0 


175.1 


172.2 


178.6 


186.1 


176.5 


1946 


197.1 


187.3 


207.7 


193.4 


186.9 


179.0 


171.7 


180.7 


194.3 


183.5 


Monthly 






















1945— July 


210.1 


179.6 


204.9 


183.7 


173.9 


178.7 


176.5 


182.9 


188.7 


179.5 


Aug. 


246.5 


189.0 


224.4 


186.8 


176.6 


172.0 


168.4 


176.8 


191.7 


178.4 


Sept. 


181.4 


180.1 


199.8 


182.2 


176.2 


170.4 


167.9 


174.8 


193.4 


175.7 


Oct. 


188.0 


179.1 


195.2 


183.0 


176.2 


171.4 


166.7 


173.9 


194.0 


175.5 


Nov. 


190.3 


179.6 


201.7 


184.6 


178.5 


172.6 


166.8 


174.1 


195.5 


176.8 


Dec. 


190.0 


180.4 


204.9 


186.1 


178.5 


174.7 


168.6 


175.9 


194.8 


177.9 


1946— July 


216.8 


197.4 


229.1 


197.5 


191.4 


181.8 


173.9 


184.4 


205.0 


188.0 


Aug. 


236.9 


201.9 


224.2 


198.7 


190.5 


181.0 


172.9 


183.7 


196.7 


187.3 


Sept. 


176.3 


183.7 


193.4 


195.4 


188.7 


179.8 


171.5 


182.8 


188.3 


183.8 


Oct. 


166.4 


180.2 


182.5 


195.3 


188.1 


179.9 


171.5 


179.5 


189.0 


182.6 


Nov. 


161.3 


179.0 


181.4 


195.7 


189.0 


180.3 


171.7 


179.5 


189.1 


182.9 


Dec. 


161.6 


177.4 


177.6 


197.1 


188.8 


181.2 


173.1 


180.9 


191.1 


183.7 



t Prices received by farmers omitting storage, transportation, processing and handling charges but including subsidies, bonuses and premiums which 
can be attributed to specific products, as well as equalization payments on oats and barley and payments on wheat participation certificates in so far as 
they are available. * Revised. 



Index 1935-39 = 100 



VIII— FARM OPERATING AND LIVING COSTS 

Dominion Bureau of Statistics 





Commodities Used by Farmers 


"B"<i> 


<«C"0) 




Imple- 
ments 


Fertilizer 


Seed 


Gasoline. 
Oil & 
Grease 


Building 
Material 


Hardware 


Feed 


Binder 
Twine 


"A" 

(Total 8 

Com- 
modities) 


Farm 
Living 
Costs 


Annual Average** 

1935 
1936 
1937 
1938 
1939 


95.5 

98.0 

97.4 

104.5 

103.9 


98.1 

96.4 

96.4 

102.1 

107.2 


90.7 

100.8 

132.6 

95.7 

80.2 


104.3 

99.8 
99.8 
98.6 
97.6 


87.1 
97.3 

108.7 
98.7 

108.1 


96.4 

96.7 

100.8 

104.4 

101.6 


92.2 

97.6 

128.3 

101.7 

80.1 


89.6 
100.8 
106.4 
109.2 

93.8 


95.6 

98.4 

108.5 

101.1 

96.1 


97.2 

98.5 

106.0 

100.8 

97.2 


96.0 

98.0 

105.4 

101.5 

99.1 


97.9 

98.3 

102.9 

102.0 

99.5 


1940— Apr. 
Aug. 


106.5 
106.5 


110.7 
110.7 


102.2 
74.4 


101.0 
100.3 


114.8 
117.2 


108.4 
110.0 


97.7 
82.0 


117.6 
117.6 


105.0 
99.6 


104.1' 
100.1 


106.8 
104.7 


106.8 
110.4 


1941— Apr. 

Aug. 


109.9 
109.9 


113.7 
113.7 


87.8 
103.8 


101.2 
116.5 


118.8 
137.2 


112.3 
115.3 


90.8 
98.6 


125.0 
125.0 


104.3 
112.1 


103.8 
109.7 


110.5 

117.8 


112.3 
116.1 


1942— Apr. 
Aug. 


116.7 
116.7 


114.0 
114.0 


117.9 
116.0 


120.1 
120.5 


147.5 
149.6 


119.1 
120.3 


110.7 
113.4 


125.0 
126.4 


119.4 
119.9 


115.9 
116.2 


126.9 
129.2 


118.4 
119.9 


1943— Apr. 

Aug. 


116.7 
116.7 


108.0 
108.0 


127.1 
132.8 


120.6 
120.6 


153.8 
156.5 


120.7 
120.5 


118.5 
122.9 


126.4 
126.4 


121.6 
123.1 


118.0 
119.1 


133.1 
138.9 


121.4 
122.0 


1944— Jan. 
Apr. 
Aug. 


116.7 
116.8 
116.8 


108.0 
108.0 
108.0 


136.9 
136.4 
135.6 


120.6 
120.6 
120.6 


172.1 
172.8 
174.1 


120.8 
120.8 
119.7 


126.2 
127.1 
126.9 


126.4 
126.4 
126.4 


125.5 

125.8 
125.8 


121.5 
121.7 
121.7 


136.7 
140.6 
142.3 


122.7 
123.0 
122.6 


1945— Jan. 
Apr. 
Aug. 


113.1 
113.1 
113.1 


108.0 
108.0 
108.0 


137.3 
138.8 
139.5 


119.9 
119.9 
120.1 


174.9 
174.8 
174.2 


119.6 
119.8 
119.2 


128.5 
129.2 
129.6 


126.4 
126.4 
126.4 


125.3 

125.5 
125.7 


120.3 
120.5 
120.5 


137.4 
142.0 
144.2 


122.8 
123.0 
123.7 


1946— Jan. 
Apr. 
Aug. 


113.1 
119.9 
119.9 


108.0 
108.0 
110.1 


142.3 
144.4 
142.4 


120.1 
121.9 
121.9 


174.3 
175.3 
175.9 


119.2 
120.4 
122.8 


129.6 
130.0 
130.6 


126.4 
126.4 
126.4 


125.9 
128.3 

128.8 


121.9 
123.6 
123.9 


140.4 
146.9 
149.0 


124.6 
126.1 
130.5 



(1) "B" equals "A" (8 commodities used by farmers) plus tax rates and interest rates. (2) "C" equals "B" plus farm wage rates. 
** For 1940-43 indexes have been calculated twice each year and for 1944-46 three times each year. 



L 



11 



DEC. 1946 -JAN. 1947 



IX— BOND ISSUES AND RETIREMENTS' 



Par Values in Millions of Canadian Dollars 



Bank of Canada 





I-Dominion Direct & Guaranteed 
and Other G.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 














New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1936 


402.7 


271.6 


131.1 




80.4 


37.1 


17.0 


61.2 


39.4 


1937 


348.3 


337.4 


10.9 




100.2 


77.2 


96.4 


22.7 


58.2 


1938 


286.1 


215.9 


70.2 




88.1 


32.2 


33.0 


39.9 


47.4 


1939 


211.0 


233.3 


22.3 




113.2 


40.5 


33.5 


40.0 


80.1 


1940 


601.4 


301.9 


299.5 




79.5 


89.6 


81.4 


28.1 


59.6 


1941 


934.5 


397.6 


536.9 




30.4 


51.5 


66.5 


34.0 


18.6 


1942 


2,072.7 


534.4 


1,538.3 




13.8 


129.6 


133.0 


44.9 


34.6 


1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.1 


18.0 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.2 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




36.5 


137.5 


137.6 


65.8 


29.4 


1946 


915.9 


861.9 


54.0 




47.2 


74.2 


69.5 


69.0 


17.1 


Last Half 




















1943 


1,602.3 


373.8 


1,228.5 




40.6 


20.8 


27.4 


31.7 


2.3 


1944 


1,685.2 


336.0 


1,349.3 




7.3 


54.5 


62.0 


32.7 


32.9 


1945 


2,046.4 


114.6 


1,931.8 




21.4 


90.4 


109.5 


36.5 


34.2 


1946 


899.2 


453.0 


446.2 




21.0 


43.1 


51.1 


33.1 


20.1 


Last Quarter 




















1943 


1,585.9 


246.0 


1,339.9 




4.5 


- 


7.4 


10.8 


13.8 


1944 


1,672.6 


217.3 


1,455.4 




5.1 


29.1 


22.8 


14.2 


2.8 


1945 


2,036.4 


104.0 


1,932.4 




2.3 


61.0 


71.1 


20.8 


28.5 


1946 


892.8 


442.5 


450.3 




6.1 


12.5 


11.6 


13.8 


6.8 





1 1 1-CORPORATIONS 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 

1936 


80.1 


175.2 


162.0 


52.0 


41.3 


1937 


60.5 


70.6 


83.8 


59.4 


12.1 


1938 


32.2 


30.9 


30.9 


42.8 


10.7 


1939 


36.1 


201.4 


202.0 


68.7 


33.3 


1940 


36.8 


18.3 


17.7 


94.6 


57.2 


1941 


17.5 


3.8 


3.8 


81.3 


63.9 


1942 


7.9 


39.1 


41.7 


81.1 


75.9 


1943 


21.8 


39.1 


39.1 


83.8 


62.0 


1944 


50.2 


95.5 


95.5 


89.8 


39.5 


1945 


74.6 


106.9 


109.9 


72.3 


.7 


1946 


95.7 


459.4 


459.5 


120.1 


24.6 


Last Half 

1943 


5.4 


4.9 


28.3 


32.9 


51.0 


1944 


27.5 


26.7 


40.6 


53.6 


40.0 


1945 


58.9 


13.1 


21.6 


23.0 


27.4 


1946 


31.9 


181.8 


211.3 


50.3 


47.9 


Last Quarter 

1943 


4.9 


1.3 


1.4 


19.9 


15.1 


1944 


14.8 


22.2 


22.2 


30.7 


15.3 


1945 


30.9 


2.0 


2.4 


12.9 


17.6 


1946 


10.4 


41.9 


98.6 


19.7 


66.1 



I+II+I1I 



Net New 

Issues or 

Retirements 



211.8 
57.0 

106.9 
24.6 

301.9 

454.4 
1,427.8 
2,377.6 
2,518.6 
3,473.7 
12.3 

1,179.9 

1,276.4 

1,925.0 

378.3 



1,311. 

1,436. 

1,921. 

377. 



IV-Dominion Treasury Bills. 


Deposit Certificates and Short- 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


12 


265 


- 


265 


5 


270 


200 


470 


315 


785 


290 


1,075 


633 


1,708 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


175 


2,243 


73 


2,491 


640 


1,796 


250 


1,546 


25 


2,243 


48 


2,491 


480 


1,796 


295 


1,546 



* Issues payable in Foreign Currency are included at the par of exchange up to S?pt. 15, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. (1) Subject to revision. War Savings Certificates are included. Provincial Treasury Bills are excluded. Dominion 
Treasury Bills, Deposit Certificates and short-term notes sold directly to Bank of Canada and the chartered banks are not included in Heading I but are shown 
separately in Heading IV. Because of lack of sufficient data no tabulation of retirements by municipalities and religious institutions was possible. However, the 
net reduction of total municipal bonded debt less sinking funds has been (in millions of dollars) approximately 27, 25. 30, 39, 30, 46, 61, 53, 27, 39 and 6, re- 
spectively in the years 1936 to 1946. 

Footnotes to table on opposite page. BONDS OUTSTANDING 
(1) Provincial Treasury Bills are excluded. (2) Figures for the gross amount of bonds outstanding are compiled from latest official sources adjusted to 31 De- 
cember 1946, by subsequent known issues and redemptions; when full details regarding these become available minor revisions may be necessary. (3) Including 
issues payable in Canada or London, and one issue payable in London or Paris. (4) Figures for guaranteed issues are approximate in some cases for which full 
particulars are not available. (5) Redemption bonuses on the First War Loan and the First, Second and Third Victory Loans, Treasury Bills, Deposit Certificates, 
War Savings Certificates, Stamps and Non-Interest Bearing Certificates are included; the estimated amount of the refundable portion of personal income tax and 
excess profits tax up to March 31, 1946 is also included. (6) C.N.R. issues guaranteed by the provinces, being included under the C.N.R. heading, are excluded 
from provincial headings. 



DEC. 1946 - . 


[AN. 194' 
























12 




SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 


Par Values in 


DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 

,,.„. , „ ,. „ „ * AND CORPORATION BONDS 

Millions of Canadian Dollars 






NEW ISSUES were payable in: 


Retirements 


were payable in: 




Net Increase or 
Net Decrease 


Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


Inft Payable: 


In Canada 
only 


Abroad 


Calendar Years 

1936 


652.7 


118.0 


3.0 


1.9 


775.6 


233.8 


156.2 


38.7 


115.2 


19.9 


563.8 


419.0 


207.1 


1937 


537.4 


93.8 


10.3 


15.3 


656.8 


355.1 


22.7 


131.6 


56.0 


34.4 


599.8 


182.3 


125.3 


1938 


377.7 


40.2 


.3 


51.2 


469.4 


196.5 


50.1 


25.2 


22.1 


68.6 


362.5 


181.2 


74.3 


1939 


470.0 


83.4 


48.5 


.2 


602.1 


249.1 


21.0 


119.5 


86.7 


101.2 


577.5 


220.9 


196.3 


1940 


820.1 


5.2 


.2 


.1 


825.6 


323.5 


7.1 


19.8 


10.9 


162.4 


523.7 


496.6 


194.7 


1941 


1,023.3 


14.0 


— 


.4 


1,037.7 


326.7 


29.8 


18.0 


21.4 


187.4 


583.3 


696.5 


242.1 


1942 


2,231.9 


30.1 


.6 


.4 


2,263.0 


407.3 


12.6 


49.3 


97.5 


268.6 


835.3 


1,824.6 


396.9 


1943 


3,113.2 


143.3 


.2 


.4 


3,257.1 


527.0 


259.6 


52.3 


21.8 


18.7 


879.5 


2,586.1 


208.5 


1944 


3,269.1 


83.8 


15.1 


1.3 


3,369.3 


635.4 


27.6 


63.5 


100.6 


23.6 


850.7 


2,633.7 


115.1 


1945 


3,865.0 


49.0 


77.9 


- 


3,992.0 


278.7 


73.2 


52.0 


101.0 


13.4 


518.3 


3,586.4 


112.7 


1946 


1,416.4 


175.9 


- 


- 


1,592.3 


1,083.4 


314.2 


109.9 


60.7 


11.9 


1,580.0 


333.0 


320.8 


Last Half 

1943 


1,665.4 


8.3 


— 


.2 


1,673.9 


314.0 


122.6 


43.1 


6.7 


7.6 


494.0 


1,351.4 


171.5 


1944 


1,772.8 


22.4 


5.7 


.2 


1,801.2 


381.2 


11.8 


15.3 


91.8 


18.6 


524.8 


1,385.6 


109.3 


1945 


2,174.5 


22.0 


33.7 


- 


2,230.3 


194.5 


67.3 


26.5 


6.5 


10.3 


305.2 


1,980.0 


54.9 


1946 


1,117.8 


59.3 


- 


- 


1,177.0 


627.1 


89.7 


30.3 


48.1 


3.5 


798.8 


490.7 


112.4 


Last Quarter 

1943 


1,596.5 


_ 


_ 


.1 


1,596.6 


270.5 


2.8 


3.1 


5.0 


4.0 


285.5 


1,326.0 


14.8 


1944 


1,730.1 


7.9 


5.7 


.1 


1,743.8 


271.6 


8.6 


7.0 


8.1 


11.8 


307.1 


1,458.5 


21.8 


1945 


2,081.9 


22.0 


28.8 


- 


2,132.7 


131.6 


46.4 


23.4 


3.1 


6.5 


211.1 


1,950.2 


28.7 


1946 


963.6 


— 


— 


— 


963.6 


512.1 


9.5 


19.2 


44.7 


.7 


586.2 


451.5 


74.1 



For footnotes see opposite page. 

X- BONDS OUTSTANDING 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED AND OTHER C.N.R. BONDS' 1 ' 
GROSS AMOUNT OUTSTANDING AS AT 31st DECEMBER, 1946 (2) 

Par Values in Millions of Dollars, -with £ converted at $4.86% 





Payable in: 




Canada 
only 


New York 
only 


Canada or 
New York 


Canada. 
New York 
or London 


(3) 
London 


Total 


Dominion — Direct 


(S) 

16,642.9 

1.0 

135.2 

7.0 

10.1 

64.4 

1.2 

69.8 
.8 

319.7 
13.4 

347.8 

86.2 

28.6 

2.5 

68.9 

.3 

16.3 

48.9 
2.9 


178.0 
9.0 

16.0 

17.4 

6.9 


.7 
64.1 

.5 

40.6 
36.7 

62.0 

14.9 

5.2 

25.5 

37.3 

69.0 

55.7 
.3 


28.4 
273.4 

18.8 

16.8 

182.4 
8.0 
3.5 

2.5 

18.3 

4.0 
.9 


11.7 

14.1 
2.6 
6.3 

.8 
7.0 

10.5 

1.5 

13.0 

8.3 
9.5 

7.3 

2.4 


(5) 

16,832.6 

30.1 

486.8 

2.6 

41.7 

10.1 

105.8 

1.2 

113.5 

.8 

409.0 

13.4 

562.7 

116.8 

77.5 
2.5 

117.0 

.3 

113.2 

115.9 
6.5 


—Gtd. other than C.N.R. 

C.N.R. —Gtd. by Dom 

— Gtd. by Provs 

— Unguaranteed 

Prince Edward Island 


Nova Scotia — Direct 

—Gtd 


New Brunswick — Direct 

-Gtd. (6) 

Quebec — Direct 

—Gtd 

Ontario — Direct 

—Gtd 

Manitoba — Direct 

—Gtd 

Saskatchewan — Direct 

—Gtd 

Alberta — Direct 

—Gtd 

British Columbia — Direct 

-Gtd. (6) 


Total 


17,868.0 


227.3 


412.6 


557.1 


94.9 


19,160.0 



For footnotes see opposite page. 



Contra Sinking Fund 
Investments:' 4 ' 


book value as at latest 
available date 


.8 


Dec. 


31, 1945 


2.4 


Mar. 


31, 1946 


14.7 


Nov. 


30, 1945 


16.6 


Oct. 


31, 1945 


.2 


Oct. 


31, 1945 


65.9 


Mar. 


31, 1946 


22.4 


Mar. 


31, 1946 


1.8 


Various 


18.8 


Apr. 


30, 1946 


29.9 


Dec. 


31, 1946 


.3 


Apr. 


30, 1945 


.1 


Sept. 


30, 1946 


17.4 


Mar. 


31, 1945 


2.1 


Various 







13 



DEC. 1946 -JAN. 1947 



















XI- 


-MERCHANDISE IMPORT ( 






















Trade of Canada: L j, p» 


Millions of Dollars 






















(Ex | % 


Calendar 
Years 


Fruits 
and 

Nuts 


Vegetables 


Grains 

and 

Milled 

Products 

(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Meats 


Alcoholic 
Beverages 

(l) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
^ncl syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Othj 

Veget; 

an( 

Aninj j 

Prodi i 


1926 


34 


6 


17 


38 


19 


5 


28 


11 


30 


13 


18 


4 


1929 


39 


11 


26 


28 


18 


7 


47 


12 


23 


15 


20 


5 


1932 


21 


5 


6 


17 


10 


1 


17 


5 


4 


4 


6 


1 


1937 


29 


6 


18 


21 


14 


1 


8 


16 


19 


8 


12 


2 


1940 


32 


8 


7 


29 


14 


5 


6 


9 


35 


9 


12 


2 


1941 


35 


7 


8 


30 


16 


2 


6 


12 


39 


9 


13 


2 


1942 


36 


9 


9 


18 


16 


2 


7 


10 


23 


6 


14 


3 


1943 


51 


14 


10 


26 


20 


2 


5 


10 


23 


9 


13 


3 


1944 


75 


15 


12 


32 


27 


2 


6 


10 


15 


11 


10 


3 


1945 


86 


22 


13 


32 


27 


1 


8 


11 


15 


21 


10 


3 


12 Months 
Ending 

Nov. 1946 


115 


30 


18 


40 


27 


1 


12 


12 


20 


28 


11 


5 


Monthly 


























1946-Jan. 


8.3 


2.5 


1.2 


3.3 


4.7 


.1 


1.1 


.8 


.8 


3.6 


.7 


3. 1 


Feb. 


7.6 


2.5 


.8 


1.7 


.6 


.1 


.9 


.9 


.9 


3.7 


.9 


4. | 


Mar. 


9.7 


4.0 


1.7 


3.0 


2.2 


.1 


.9 


.8 


1.8 


2.5 


.9 


3. ! 


Apr. 


8.7 


5.2 


1.6 


1.9 


2.0 


.1 


.8 


.8 


1.5 


2.0 


.9 


4. j 


May 


10.8 


3.8 


1.0 


5.6 


2.9 


.2 


.8 


1.1 


1.2 


1.9 


1.1 


5. 2 


June 


12.1 


3.5 


.5 


3.2 


2.1 


.1 


.9 


.8 


.9 


1.6 


.9 


3, i 


July 


10.9 


1.7 


.9 


3.3 


2.1 


.1 


1.0 


.5 


1.5 


1.5 


.9 


4. 3 


Aug. 


9.5 


.3 


2.1 


3.9 


1.6 


.1 


1.1 


.3 


2.4 


2.1 


1.2 


5. 


Sept. 


7.0 


.4 


1.9 


3.8 


3.2 


.2 


1.0 


.3 


1.6 


2.3 


.7 


3. 


Oct. 


9.1 


.9 


1.3 


4.0 


1.3 


.1 


1.2 


.5 


4.6 


2.0 


1.0 


5. 


Nov. 


11.5 


1.0 


3.4 


4.7 


2.6 


.3 


1.3 


4.5 


1.7 


2.2 


1.4 


4. 


Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 
agri- 
cultural) 


Motor 

Vehicles 

and 

Parts 


Oth 
Iro 

am n 
Ste r 


1926 


31 


3 


2 


10 


30 


8 


5 


14 


18 


39 


52 


* 

4 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 


6 


1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


13 


1 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


3 


1940 


52 


6 


4 


8 


41 


7 


4 


12 


31 


71 


64 


5 


1941 


65 


7 


11 


9 


43 


9 


6 


33 


31 


130 


79 


7 


1942 


67 


6 


12 


13 


52 


16 


7 


20 


24 


72 


90 


6 


1943 


71 


9 


11 


12 


36 


18 


9 


47 


20 


106 


72 


81 


1944 


81 


7 


2 


6 


40 


6 


7 


63 


41 


79 


95 


8 


1945 


80 


9 


3 


4 


45 


5 


8 


28 


50 


93 


76 


6 


12 Months 
Ending 

Nov. 1946 


92 


6 


1 


7 


38 


7 


7 


28 


65 


124 


99 


8 i 


Monthly 


























1946-Jan. 


7.3 


- 


.1 


.6 


3.4 


.5 


.6 


1.7 


4.4 


9.5 


5.2 


6.1 


Feb. 


6.7 


- 


- 


.2 


1.0 


.1 


.3 


1.4 


3.9 


7.6 


5.0 


5.; 


Mar. 


7.6 


- 


.1 


.5 


2.3 


.6 


.4 


1.5 


3.7 


8.7 


6.3 


5.; , 


Apr. 


8.9 


- 


.1 


.6 


4.4 


.6 


.6 


2.0 


4.7 


10.7 


9.9 


7. 


May 


8.8 


.2 


.1 


.5 


3.9 


.5 


.6 


2.6 


5.1 


11.1 


9.5 


7JI 


June 


7.5 


.4 


- 


.5 


2.8 


.6 


.5 


2.6 


5.4 


11.3 


8.8 


7* 


July 


7.7 


1.0 


- 


.6 


3.1 


.6 


.7 


4.9 


6.7 


10.9 


8.1 


7 


Aug. 


7.1 


.5 


.1 


.7 


3.2 


.7 


.6 


1.9 


8.1 


11.2 


8.7 


S. 


Sept. 


6.8 


1.0 


.1 


.9 


3.1 


.8 


,6 


2.2 


5.9 


10.9 


10.1 


7. 


Oct. 


8.0 


1.5 


.3 


.9 


3.9 


.8 


.8 


2.6 


6.5 


12.7 


11.9 


S. 


Nov. 


8.7 


1.4 


.1 


1.0 


3.8 


1.1 


1.0 


2.7 


7.0 


12.8 


11.6 


9\ ■ 



ir A wide variety of military equipment and materials for the munitions industry is included in this grouping which consists chiefly of items admitted under sp> 
goods on Canadian Account. It is emphasized that there is no clear functional distinction between this grouping and the other headings, especially iron and 
t Excluding non-revenue items imported from U.K. in the years 1939-45 and made up of items listed in "Trade of Canada" under code numbers 9188, 9189, ' 
excise taxes on spirits imported from that country. 






1EC. 1946 - JAN. 1947 
D1M0DITY CLASSIFICATION 

hureau of Statistics 

3d) 



14 



Millions of Dollars 



fOTTON 


Silk 

(raw and 

mfd.) 


Wool 


Artificial 
Silk 






Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




md 

d. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 


Fiax, nemp 
and Jute 


Calendar 
Years 




33 


30 


10 


39 


6 


16 


28 


11 


13 


22 


1926 




34 


'29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 




13 


10 


5 


11 


3 


6 


12 . 


7 


10 


6 


1932 




20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 




25 


10 


26 


21 


7 


15 


18 


9 


17 


13 


1940 




31 


4 


28 


21 


10 


14 


18 


9 


15 


13 


1941 




48 


2 


34 


22 


11 


13 


18 


11 


16 


11 


1942 




52 


1 


34 


24 


12 


15 


23 


11 


18 


12 


1943 




51 


2 


17 


20 


17 


18 


24 


12 


18 


13 


1944 




49 


2 


19 


25 


21 


18 


23 


13 


21 


15 


1945 




68 


4 


28 


34 


21 


22 


30 


18 


30 


19 


12 Months 
Ending 

Nov. 1946 

Monthly 




5.0 


.2 


1.8 


3.2 


1.5 


2.3 


2.2 


1.4 


2.2 


1.3 


Jan.-1946 




4.3 


.3 


1.9 


1.6 


1.2 


.6 


2.2 


1.4 


2.3 


1.2 


Feb. 




5.0 


.2 


2.3 


2.3 


1.7 


1.9 


3.5 


1.7 


2.8 


1.4 


Mar. 




5.6 


.2 


1.8 


2.7 


1.8 


3.7 


2.5 


1.6 


3.0 


1.6 


Apr. 




5.2 


!2 


2.3 


2.6 


1.6 


1.6 


2.7 


1.6 


2.4 


1.7 


May 




5.7 


.2 


1.8 


3.0 


1.8 


2.1 


1.9 


1.5 


2.6 


1.7 


June 




5.2 


.3 


2.1 


2.9 


1.5 


1.2 


1.6 


1.5 


2.5 


1.7 


July 




5.8 


.3 


3.1 


3.0 


1.9 


1.2 


1.8 


1.4 


2.5 


1.6 


Aug. 




4.7 


.4 


2.9 


3.1 


1.9 


3.1 


2.6 


1.6 


2.1 


1.7 


Sept. 




7.2 


.4 


3.5 


3.5 


1.9 


1.4 


3.2 


1.8 


2.6 


2.0 


Oct. 




9.8 


.6 


3.2 


3.5 


2.6 


2.7 


3.6 


1.8 


3.0 


2.1 


Nov. 


itc 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 

Non- 
metallic 
Minerals 


War 

Materials 
• 


All 
Other 
Imports 


Total f 
Imports 


Calendar 
Years 


L 


o 
O 


17 


31 


67 


52 


9 


25 


_ 


59 


1,008 


1926 


; 


3 


37 


48 


64 


77 


11 


35 


- 


75 


1,299 


1929 


> 


1 


8 


11 


35 


43 


5 


13 


- 


33 


453 


1932 


[ 


3 


16 


25 


42 


59 


9 


27 


- 


48 


809 


1937 


) 


6 


21 


39 


56 


66 


10 


29 


44 


52 


1,057 


1940 


> 


10 


28 


48 


69 


75 


12 


34 


138 


42 


1,366 


1941 


> 


4 


28 


38 


92 


81 


11 


38 


393 


49 


1,600 


1942 




2 


49 


44 


113 


90 


11 


37 


346 


49 


1,701 


1943 


i 


2 


58 


37 


123 


98 


14 


36 


315 


58 


1,743 


1944 


• 


5 


43 


44 


115 


95 


16 


39 


119 


69 


1,546 


1945 


i 


6 


46 


55 


132 


118 


22 


52 


15 


99 


1,800 


12 Months 
Ending 

Nov. 1946 

Monthly 


* 


1.7 


3.3 


3.4 


11.3 


6.8 


1.5 


3.3 


.7 


5.1 


132.4 


Jan.-1946 




- 


3.1 


3.1 


10.0 


5.3 


1.4 


2.9 


1.0 


5.7 


109.1 


Feb. 


i 


- 


3.4 


3.6 


10.7 


5.9 


1.8 


3.9 


2.8 


7.0 


134.4 


Mar. 


2 


.1 


4.1 


5.0 


9.0 


9.0 


1.9 


4.5 


1.7 


8.2 


151.0 


Apr. 


i 


.9 


4.1 


4.5 


6.3 


11.4 


1.9 


4.9 


1.8 


7.7 


156.1 


May 


> 


.9 


4.1 


5.3 


5.9 


11.4 


1.7 


4.8 


1.0 


8.2 


148.2 


June 


B 


.8 


4.0 


4.4 


10.8 


10.7 


1.9 


4.7 


1.0 


8.1 


151.8 


July 


) 


- 


3.7 


4.9 


14.5 


12.8 


1.7 


4.6 


1.0 


9.9 


160.8 


Aug. 


lb 


- 


3.8 


5.2 


13.5 


12.6 


2.2 


4.8 


.8 


9.7 


155.5 


Sept. 


J 2 


1.7 


4.5 


6.5 


16.6 


13.6 


2.5 


5.3 


1.5 


11.8 


185.9 


Oct. 




— 


5.0 


6.6 


14.4 


12.2 


2.7 


5.5 


1.4 


11.3 


197.7 


Nov. 



fi|>ns (largely Orders-in-Council P.C. 8097, 8255 and 8600). They are to a considerable extent the property of allied governments, but there are as well certain 
■ bn-ferrous metals, the factor determining classification being the conditions of ownership and admission rather than the physical description of the goods. 
?nd also item 9195 "Returned Canadian Goods" for the year 1945 only. (1) Before 1935 impott totals are substantially over-valued owing to inclusion of U.K. 



TATISTICAL SUMMARY 

ANK OF CANADA 



Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 15-16 

II Chartered Banks: 

Liabilities and Assets 17-18 

Canadian Deposits and Active Note Circulation . . . . 15 

Cash in Canada and Canadian Deposits 16 

Canadian Deposits . 17 

Canadian Deposits, Loans and Dom.-Prov. Securities ... IS 

III Security Prices: 

Gov't Securities Payable in Canada only 19 

Yields of Dom. Govt Bonds, Payable in Canada only ... 19 

Gov't Securities, Canada, U.K. and U.S. A 20 

Yields of Gov't Bonds, Canada, U.K. and U.S. A 20 

IV Business Activity 21 

V Wholesale Prices 21 

VI Retail Merchandise Sales 22 

VII Cost of Living 23 

VIII Steam Railways: Revenue Freight Loaded 23 

IX Construction Contracts Awarded 24 

Residential Construction Contracts Awarded . . . . . 24 

X Central Electric Stations 25 

XI Newsprint: North America 25 

XII Mineral Production 26 

XIII Employment Indexes 27 

Employment, Payrolls and Earnings in Industry .... 27 

XIV Employment and Payrolls by Industries 28 

XV Cash Income from the Sale of Farm Products 29 

Cash Income from the Sale of Farm Products 29 

XVI Imports and Exports by Countries 30 

XVII Merchandise Exports: Commodity Classification 31-32 

TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



FEB. - MAR. 1947 



15 

















1 


^EB. - MAR 


1947 1 


Millions of Dollars 


















I— B;J 










LIABILITIES 












Chartered Bank Cash 


Govt. 

Deposits 


Other 
Deposits 


Special 

Foreign 

Deposits'" 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


To J 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabi j 
c 
As: j 


Average of 




















Month-end Figures 




















1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 


- 


50.1 


6.6 


2! 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


3 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


_ 


320.0 


19.5 


7:1 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


- 


472.0 


22.6 


91. 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


- 


661.0 


30.3 


U'J 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


l,4i J 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,8 i 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,8 J 


End of 




















1946— Jan. 


147.2 


505.9 


653.1 


187.2 


34.2 


101.8 


940.9 


47.8 


1,9 


Feb. 


134.6 


522.9 


657.6 


201.7 


56.4 


95.2 


952.1 


24.3 


1,9 


Mar. 


124.7 


518. lX 


642.9 A 


149.2 


89.1 


95.2 


977.5 


36.9 


l,9i 


Apr. 


154.5 


555.8 


710.3 


183.3 


62.7 


23.6 


959.9 


33.8 


1,9; 


May 


137.5 


493.9 


631.4 


87.1 


78.4 


2.0 


972.0 


55.1 


1,8 ; 


June 


126.3 


500.5 


626.8 


57.9 


85.6 


2.0 


987.7 


32.1 


1,7 


July 


152.1 


532.5 


684.6 


69.1 


90.1 


1.8 


965.8 


40.2 


1,8 


Aug. 


134.0 


521.1 


655.2 


69.1 


79.7 


1.7 


993.4 


35.3 


1,8 t 


Sept. 


153.6 


511.3 


664.9 


27.4 


87.8 


.7 


994.0 


47.2 


1,8! 


Oct. 


149.3 


538.6 


687.9 


36.6 


85.2 


.9 


1,007.6 


45.8 


1,81 


Nov. 


140.4 


579.5 


719.9 


63.9 


79.4 


.9 


1,020.7 


45.9 


1,91 


Dec. 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


1,9 J 


1947— Jan. 


143.0 


533.3 


676.3 


150.1 


82.9 


1.0 


995.6 


50.0 


1,8! 


Feb. 


129.2 


493.6 


622.8 


215.7 


75.3 


1.0 


1008.7 


36.3 


1,S 1 



(1) Deposits payable in sterling. U.S.A. and foreign gold currencies, as shown under Item 5 (a) in the Bank of Canada Statement, representing foreign exch; 
representing foreign exchange held for account of foreign clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to the en J 
holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that 



* 



CHARTERED BANK CANADIAN DEPOSITS & ACTIVE NOTE CIRCULATION : 1926-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



1926 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 

* Bank of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



FEB. - MAR. 1947 
1 CANADA 



16 



Millions of Dollars 





ASSETS 














Reserve 


Securities 


Advances 


All 

Other 

Accounts 




1 

old 


Silver 


Foreign <2) 
Currencies 


Total") 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total"' 




8111 2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


Average of 
Month-end Figures 

1935-10 Mths. 


|2.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937-12 Mths. 


* 




* 


* 


* 


* 


* 


* 








;s 


_ 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 


_ 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 


u 


- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 




_ 


173.9 


173.9 




1,028.5 


595.9 


1,634.4 


.5 


31.8 


1945 


i 


- 


27.3 


27.3 




1,247.3 


583.4 


1,842.4 


- 


29.1 


1946 




















End of 


n 


- 


101.8 


101.8 




1,143.8 


686.2 


1,840.0 


- 


23.2 


Jan.— 1946 


SI 


— 


95.2 


95.2 




1,155.2 


688.8 


1,854.0 


- 


38.0 


Feb. 


II 


— 


95.2 


95.2 




1,296.2 


559.9 


1,866.1 


- 


29.4 


Mar. 


S 


— 


24.1 


24.1 




1,348.0 


553.0 


1,910.9 


- 


38.6 


Apr. 


as 


- 


2.0 


2.0 




1,230.0 


541.1 


1,781.2 


.1 


42.8 


May 


1!' 


- 


2.0 


2.0 




1,218.5 


540.7 


1,769.2 


- 


20.8 


June 


I 


- 


1.8 


1.8 




1,276.5 


541.8 


1,828.3 


- 


21.4 


July 


i 


- 


1.7 


1.7 




1,257.7 


530.8 


1,798.5 


- 


34.1 


Aug. 


i 


- 


.7 


.7 




1,259.1 


523.9 


1,798.0 


- 


23.3 


Sept. 


c 


- 


.9 


.9 




1,301.5 


521.5 


1,838.0 


- 


25.1 


Oct. 


1 


- 


.9 


.9 




1,283.8 


605.0 


1,903.8 


- 


25.9 


Nov. 




- 


1.0 


1.0 




1,197.4 


708.2 


1,920.6 


- 


27.1 


Dec. 


3 


_ 


1.0 


1.0 




1,196.8 


718.8 


1,930.6 


- 


24.3 


Jan.— 1947 


> 


- 


1.0 


1.0 




1,172.3 


738.9 


1,926.2 


— 


32.6 


Feb. 


hi osit for account of for 
ti the War Measures Act 
li 5 minimum gold reserv 


eign clients. (2) Includes an amount of foreign exchange equal to the amount shown under Item 5 (a) in the Bank of Canada Statement 
, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange 
e requirement has been suspended. 




CHARTERED BANKS : CASH IN CANADA* AND CANADIAN 


DEPOSITS^: 1926- 


47 




MILLIONS OF C 


OLLARS 




MILLIONS OT DOLLARS 








MONTHLY AVERAGE OF DAILY FIGURES 












80C 


















8000 


















60C 


1 
















6000 


























CASH IN CANADA* ^ 






o 


X 

in 

i 


| 
















PI 

8 

M 

4000 
2000 


20C 


iL*A^ 














v^r-^ 


;anadian deposits 










( 


) 


| | 


1 II I 


[ 


1 I 




| | 


| | 




1 


o 




I9e6 27 


28 29 30 31 32 33 34 35 36 37 38 39 40 41 


42 43 


44 45 


46 47 48 




• 


*See note (3) 


on page 17. t Average of month-end estimated Canadian deposits in 1926-35. 









17 



FEB. - MAR. 1947 



Millions of Dollars 



II— CHAR} 

Ban 





LIABILITIES 
















Notes 


Deposits 


Cash 
in <3) 




Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


DOM.- 


PROV. 


Foreign 
Govt. 


Ot.r 














Under2 yrs. 


Over 2 yrs. 






Average of 


























Month-end figures 


























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 • 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


2c i 


< 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


UiJ 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


209 


If, 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,863 


1,575 


228 


1! 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2' 


End of 

1946— Jan. 


25 


1,948 


2,963 


899 


5,807 


783 


6,719 


653 


1,435 


2,212 


244 


21 




Feb. 


25 


1,995 


3,078 


757 


5,835 


791 


6,758 


658 


1,384 


2,261 


258 


2 


; 


Mar. 


24 


1,985 


3,170 


626 


5,786 


800 


6,712 


640 


1,671 


2,028 


251 


2 


1! 


Apr. 


24 


2,179 


3,238 


482 


5,911 


837 


6,878 


710 


1,652 


2,056 


277 


2. 


May 


24 


2,207 


3,306 


369 


5,893 


842 


6,858 


631 


1,634 


2,092 


304 


2 


June 


23 


2,150 


3,363 


242 


5,779 


851 


6,761 


627 


1,593 


2,089 


318 


2 


r 


July 


23 


2,197 


3,411 


279 


5,931 


770 


6,811 


685 


1,593 


2,145 


284 


2 




Aug. 


23 


2,148 


3,466 


278 


5,935 


782 


6,827 


655 


1,604 


2,161 


276 


2 


U 


Sept. 


22 


2,265 


3,524 


248 


6,092 


798 


7,000 


665 


1,639 


2,154 


274 


3 r 


Oct. 


22 


2,316 


3,477 


408 


6,245 


803 


7,161 


688 


1,658 


2,207 


280 


3 r 


Nov. 


22 


2,182 


3,460 


720 


6,403 


802 


7,314 


720 


1,706 


2,209 


270 


3 ■» 


Dec. 


21 


2,291 


3,469 


492 


6,295 


813 


7,226 


742 


1,308 


2,325 


276 


3 a: 


1947— Jan. 


21 


2,087 


3,533 


613 


6,271 


819 


7,203 


676 


1,333 


2,377 


278 


3 M 


Feb. 


21 


2,145 


3,586 


440 


6,211 


864 


7,184 


623 


1,139 


2,387 


319 


4 . 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Note* and De 



CHARTERED BANKS : CANADIAN DEPOSITS • 1926-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



3000 




4000 



3000 



2000 



2000 



1000 



1926 27 28 29 30 31 32 33 34 35 36 37 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



38 39 40 



42 43 44 45 46 47 48 



FEB. - MAR. 1947 
) BANKS 



18 



da 



tal 



33 

99 

96 

1 26 

•14 

53 
158 

'■87 

00 
119 

:97 

U3 
04 

175 
97 
36 
75 
71 
96 
32 

69 

64 



Call 



140 
267 
117 
107 

35 

62 

130 

132 

210 

200 

148 

152 

125 

115 

96 

98 

91 

97 

117 

135 

134 

155 



ASSETS 



Loans 



CANADA 



Current 
Public 



934 
1,343 
1,032 

732 

1,053 
1,022 
1,100 
1,223 

1,174 
1,151 
1,133 
1,114 
1,140 
1,148 
1,190 
1,210 
1,236 
1,302 
1,431 
1,454 

1,448 
1,468 



Current 
Other 



87 

112 
165 
117 

62 
44 
35 

44 

39 
43 
48 
46 
46 
40 
40 
40 
48 
39 
46 
53 

33 
38 



ABROAD 



Call 



250 

301 

84 

68 

81 
100 
108 

87 

102 

110 

106 

106 

90 

74 

68 

77 

86 

80 

70 

77 

85 
73 



Current 



261 
248 
172 
165 

102 
114 
131 
155 

145 
147 
149 
152 
150 
154 
142 
148 
160 
165 
168 
178 

181 
191 



Total 

Assets 



2,864 
3,528 
2,869 
3,317 

5,149 
5,990 
6,743 
7,430 

7,190 
7,233 
7,193 
7,374 
7,361 
7,270 
7,317 
7,342 
7,508 
7,693 
7,877 
7,799 

7,768 
7,751 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


Note (s) 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672 


5,916 


11.4 


992 


1946 


677 


5,815 


11.6 


962 


Jan .-1946 


653 


5,734 


11.4 


965 


Feb. 


639 


5,765 


11.1 


978 


Mar. 


663 


5,781 


11.5 


985 


Apr. 


683 


5,795 


11.8 


979 


May 


657 


5,789 


11.3 


983 


June 


664 


5,841 


11.4 


987 


July 


681 


5,898 


11.6 


992 


Aug. 


659 


5,973 


11.0 


1,006 


Sept. 


677 


6,100 


11.1 


1,015 


Oct. 


718 


6,298 


11.4 


1,022 


Nov. 


696 


6,199 


11.2 


1,030 


Dec. 


711 


6,185 


11.5 


1,000 


Jan .-1947 


685 


6,290 


10.9 


1,000 


Feb. 



ires given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
.k of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



CHARTERED BANKS- CANADIAN DEPOSITS, LOANS &. DOM.-PROV SECURITIES: 1926-47 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



1926 27 28 29 30 



31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 



46 47 48 



19 



FEB. - MAR. 1947 



III— SECURITY PRICES 

Bank of Canada 





Dominion 


of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 








Theoretical 


Theoretical 


Theoretical 


Theoretical 




3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 






Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 














1941 


92.23 


3.26 


3.10 


2.92 


2.11 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


Monthly 














1946— Jan. 


101.58 


2.90 


2.75 


2.43 


1.75 


1.38 


Feb. 


103.62 


2.77 


2.62 


2.37 


1.70 


1.38 


Mar. 


104.19 


2.73 


2.60 


2.26 


1.65 


1.38 


Apr. 


104.08 


2.74 


2.58 


2.29 


1.65 


1.38 


May 


103.88 


2.75 


2.60 


2.31 


1.68 


1.38 


June 


103.81 


2.75 


2.60 


2.31 


1.68 


1.40 


July 


103.86 


2.75 


2.59 


2.31 


1.68 


1.40 


Aug. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Sept. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Oct. 


103.81 


2.75 


2.60 


2.32 


1.70 


1.39 


Nov. 


103.90 


2.74 


2.60 


2.30 


1.68 


1.39 


Dec. 


103.95 


2.74 


2.60 


2.31 


1.70 


1.40 


1947— Jan. 


103.88 


2.74 


2.60 


2.31 


1.72 


1.41 


Feb. 


103.88 


2.74 


2.59 


2.29 


1.73 


1.41 


Mar. 


103.88 


2.74 


2.59 


2.28 


1.74 


1.42 



YIELDS OF DOMINION GOVERNMENT BONDS : 1936-47 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15lh of each month 



1.4% 



22% 




3.4% 



3.8% 



3.8% 



1936 1937 1938 1939 I94T) 1941 1942 1943 1944 1945 1940 1947 

1. Prior to 1940 figures are for the 1st of month. 2. 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. 3. March 15th. 



IFEB. - MAR. 1947 



20 



III— SECURITY PRICES 

Bank of Canada 







Government Bonds 


3 Month Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada*" 


U. 


K.<» 


U.S.A. «> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 






Annual Average 

1944 






100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 




1945 


100.28 


2.98 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 




1946 


104.58 


2.57 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 




Monthly 

1945— Nov. 


100.56 


2.95 


100.79 


2.93 


102.37 


2.34 


.364 


.505 


.375 




Dec. 


101.53 


2.86 


100.58 


2.95 


102.45 


2.33 


.363 


.499 


.375 




1946— Jan. 


102.74 


2.75 


101.94 


2.82 


104.69 


2.18 


.363 


.501 


.375 




Feb. 


104.19 


2.62 


103.08 


2.72 


106.23 


2.08 


.363 


.503 


.375 




Mar. 


104.89 


2.55 


103.51 


2.68 


106.77 


2.04 


.362 


.506 


.375 




Apr. 


104.91 


2.55 


105.12 


2.54 


106.93 


2.03 


.373 


.508 


.375 




May 


104.75 


2.56 


105.11 


2.53 


105.24 


2.14 


.385 


.504 


.375 




June 


104.86 


2.55 


104.62 


2.57 


105.65 


2.11 


.393 


.505 


.375 




July 


104.81 


2.55 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


.375 




Aug. 


104.75 


2.55 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


.376 




Sept. 


104.75 


2.55 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


.375 




Oct. 


104.77 


2.55 


106.58 


2.39 


103.99 


2.22 


.395 


.506 


.375 




Nov. 


104.79 


2.54 


108.46 


2.22 


104.09 


2.21 


.396 


.507 


.376 




Dec. 


104.76 


2.54 


108.35 


2.22 


104.19 


2.20 


.396 


.500 


.375 




1947— Jan. 


104.76 


2.54 


108.54 


2.20 


104.68 


2.17 


.399 


.500 


.375 




Feb. 


104.83 


2.53 


107.65 


2.28 


104.78 


2.16 


.399 


.506 


.376 




Mar. 


104.85 


2.52 


106. 33 w 


2.39 w 


105.07 


2.14 


.399 


.506 


.376 



(1) Dominion of Canada 3% due Feb. 1. 1959-62. (2) United Kingdom 3% due Apr. 15, 1959-69. 
not eligible for commercial banks before Dec. 1, 1952. (4) Mar. 1-13. 



(3) U.S. Treasury 2J^% due Dec. 15. 1963-68 is 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, 

Daily Opening Quotations 



U.K. & U.S.A.: 1946-47 




Security is not eligible for commercial banks before Dec. 1, 1952. (1) March 29. (2) March 13. 



21 



FEB. - MAR. 1947 



IV— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 




Department 


Employ- 


Aggregate 














idential 
Con- 


Car 


Store Sales 
Index of 


ment 
Index 


Payrolls 












Central 


Index 










News- 


struction 


Loadings 


Val 


(3) 


(3) 




Gold 


Nickel 


Steel 


print 

(i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals' 4 ' 






















1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,268 


- 


65.1 


- 


1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1944 


2,923 


137 


3,024 


2,992 


35,055 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,881 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,828 


95 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


Monthly 






















1946— Jan. 


238.5 


6.9 


244.6 


328.4 


2,550 


4.8 


287 


182.4 


110.2 


127.6 


Feb. 


228.9 


6.2 


233.9 


308.4 


2,358 


9.3 


263 


215.7 


109.5 


135.5 


Mar. 


247.9 


7.8 


249.1 


334.1 


2,590 


15.7 


302 


258.7 


109.4 


137.3 


Apr. 


238.2 


9.2 


247.5 


337.9 


2,535 


26.9 


282 


207 .4 


110.6 


139.1 


May 


240.3 


7.4 


259.6 


359.9 


2,620 


32.2 


296 


201.7 


110.9 


137.6 


June 


234.4 


7.6 


214.9 


334.2 


2,506 


22.6 


291 


189.5 


111.3 


136.6 


July 


239.6 


8.1 


135.9 


357.0 


2,502 


21.1 


305 


207.0 


113.7 


141.9 


Aug. 


231.2 


7.7 


88.7 


370.7 


2,546 


19.2 


325 


232.2 


113.2 


143.1 


Sept. 


229.9 


8.0 


76.6 


330.1 


2,476 


13.5 


324 


244.5 


114.9 


145.6 


Oct. 


240.8 


8.6 


123.8 


376.4 


2,725 


21.5 


371 


218.3 


116.6 


149.8 


Nov. 


231.2 


8.7 


222.6 


364.3 


2,777 


16.0 


349 


261.1 


119.6 


154.4 


Dec. 


227.5 


8.5 


237.3 


342.0 


2,877 


10.2 


295 


203.2 


121.6 


159.9 


1947— Jan. 


233.8 


9.7 


249.8 


370.0 


3,066 


5.1 


302 


219.1 


118.5 


149.9 


Feb. 








341.3 


2,785 


7.4 


270 


252.1 


118.6 


160.6 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power, 
of months in case of Department Store Sales, Employment and Payrolls Indexes. 



(3) 8 Leading industries. First of month. (4) Average 



CANADA 

Dominion Bureau of Statistics 



V— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Trade w 





Farm 
Products 

* 


Raw 
Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1944 


107.1 


104.0 


101.4 


93.6 


102.5 


1945 


109.7 


105.6 


103.4 


94.0 


103.6 


1946 


111.7 


109.4 


107.4 


98.7 


108.6 


Monthly 

1946- J an. 


109.6 


106.8 


103.6 


95.3 


104.6 


Feb. 


110.3 


106.9 


103.8 


95.4 


105.2 


Mar. 


110.3 


107.0 


104.1 


95.9 


105.6 


Apr. 


110.7 


108.0 


106.7 


98.5 


108.2 


May 


111.5 


108.6 


106.6 


98.5 


108.6 


June 


112.7 


109.7 


108.1 


98.5 


109.1 


July 


113.8 


110.2 


109.8 


98.8 


109.5 


Aug. 


111.1 


108.4 


108.0 


99.5 


109.2 


Sept. 


110.5 


108.1 


107.5 


99.7 


109.1 


Oct. 


112.8 


112.4 


109.9 


101.2 


110.8 


Nov. 


113.4 


113.0 


110.3 


101.2 


111.4 


Dec. 


113.5 


113.2 


110.1 


101.6 


111.8 


1947-Jan. 


114.0 


115.2 


111.5 


103.7 


114.2 


Feb. 


115.1 


119.4 


111.6 


106.8 


118.1 



Foods 


Total 


100.0 


100.0 


93.9 


92.2 


71.8 


69.1 


83.6 


87.7 


129.1 


134.1 


129.2 


136.4 


129.3 


141.4 


128.8 


138.8 


128.8 


138.6 


129.4 


138.9 


129.7 


139.4 


129.8 


139.8 


129.7 


139.9 


131.6 


142.4 


130.1 


142.7 


129.4 


143.2 


128.6 


143.3 


128.2 


144.5 


127.9 


145.2 


128.1 


146.6 


129.3 


147.8 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


123.5 


113.3 


105.0 


100.8 


104.0 


128.3 


116.9 


106.2 


101.8 


105.8 


148.6 


134.5 


130.4 


115.8 


120.9 


129.9 


118.3 


107.3 


102.9 


107.1 


130.8 


118.9 


107.8 


103.4 


107.7 


133.4 


120.5 


109.4 


104.5 


108.9 


135.4 


122.2 


110.8 


105.5 


110.2 


137.5 


123.6 


111.5 


106.1 


111.0 


140.1 


126.3 


112.9 


107.3 


112.9 


157.0 


141.7 


140.2 


118.9 


124.7 


161.0 


145.7 


149.0 


123.9 


129.1 


154.3 


141.4 


131.9 


117.2 


124.0 


165.3 


148.7 


157.9 


129.6 


134.1 


169.8 


153.4 


165.4 


134.7 


139.7 


168.1 


153.2 


160.1 


135.7 


140.9 


165.0 


152.1 


156.2 


136.7 


141.5 


170.4 


154.9 


162.0 


139.9 


144.6 



* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series is 
not directly comparable with the U.S.A. "Farm Products Index". (1) Adjusted to 1926= 100 from base 1913= 100 in 1926-29 and from base 1930= 100 
in 1930 and thereafter. 



FEB. - MAR. 1947 



22 



Index 1935-39 = 100 



VI— RETAIL MERCHANDISE SALES 

Dominion Bureau of Statistics 



VALUE 





Country 
General 
Stores 


Department 
Stores 


Variety 
Stores 


Food 
Stores 


Restaurants 


Family 

Clothing 

Stores 


Men's 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Annual Average 

1938 


103.2 


99.9 


105.2 


102.7 


99.4 


* 


99.0 


100.0 


1939 


100.7 


103.6 


113.2 


108.6 


97.2 


* 


100.2 


101.5 


1940 


106.7 


116.2 


133.8 


119.6 


105.1 


* 


114.2 


117.0 


1941 


116.2 


133.8 


161.3 


137.6 


123.3 


136.4 


136.5 


136.4 


1942 


132.9 


149.7 


185.5 


157.7 


147.4 


162.3 


162.4 


166.0 


1943 


148.0 


150.8 


185.5 


165.3 


176.9 


173.3 


164.8 


177.1 


1944 


161.7 


165.7 


194.7 


175.5 


189.9 


183.6 


175.9 


191.3 


1945 


172.2 


183.8 


211.2 


187.1 


197.3 


203.5 


193.0 


207.6 


1946 


191.3 


218.0 


236.7 


204.5 


208.3 


236.7 


221.5 


230.9 


Monthly 

1946— Jan. 


179.4 


182.4 


227.7 


192.4 


199.6 


214.1 


199.3 


207.3 


Feb. 


188.4 


215.7 


233.4 


198.3 


205.9 


238.4 


256.0 


247.0 


Mar. 


197.3 


258.7 


247.4 


197.6 


213.7 


278.1 


262.1 


302.8 


Apr. 


202.2 


207.4 


242.2 


211.4 


208.4 


213.7 


196.3 


202.9 


Mav 


195.7 


201.7 


224.1 


209.2 


204.9 


231.9 


216.2 


225.5 


June 


197.3 


189.5 


220.3 


216.4 


213.2 


231.0 


209.1 


213.3 


July 


195.0 


207.0 


225.9 


204.2 


208.3 


238.6 


215.4 


222.8 


Aug. 


196.3 


232.2 


233.3 


215.6 


207.1 


255.9 


228.3 


240.4 


Sept. 


181.0 


244.5 


240.1 


196.9 


206.3 


243.6 


232.0 


244.2 


Oct. 


183.2 


218.3 


240.8 


203.8 


211.7 


242.4 


218.0 


224.9 


Nov. 


188.7 


261.1 


271.0 


198.0 


221.0 


247.8 


231.4 


245.4 


Dec. 


191.6 


203.2 


234.6 


208.9 


200.7 


220.0 


213.7 


224.0 


1947— Jan. 


193.0 


219.1 


248.7 


207.6 


204.9 


251.7 


217.8 


256.9 


Feb. 


202.5 


252.1 


252.4 


216.1 


207.1 


255.5 


267.4 


269.9 



Index 1935-39 = 100 





Shoe 
Stores 


Drug 
Stores 


Furniture 
Stores 


Hardware 
Stores 


Jewellery 
Stores 


Radio 

and Electrical 

Stores 


Total 


Retail 
Price 
Index 


Annual Average 

1938 


98.4 


102.6 


98.1 


106.6 


* 


100.8 


101.4 


102.8 


1939 


96.6 


104.8 


102.0 


107.6 


* 


103.0 


105.1 


101.0 


1940 


106.6 


113.9 


118.1 


117.3 


* 


130.3 


117.5 


106.6 


1941 


126.7 


131.2 


126.4 


138.3 


149.5 


138.8 


133.9 


114.9 


1942 


153.7 


149.9 


127.1 


149.9 


167.9 


133.7 


152.7 


122.4 


1943 


162.0 


165.9 


118.4 


147.0 


192.7 


112.5 


160.3 


124.5 


1944 


172.3 


179.3 


130.0 


166.4 


218.2 


108.6 


172.6 


125.2 


1945 


192.0 


191.1 


147.4 


193.9 


250.5 


124.1 


187.2 


126.2 


1946 


203.8 


209.2 


197.7 


251.3 


279.2 


213.9 


213.0 


132.0 


Monthly 

1946— Jan. 


157.2 


207.5 


222.2 


263.4 


236.5 


174.4 


196.1 


126.3 


Feb. 


196.2 


205.7 


199.3 


295.9 


282.0 


196.3 


212.7 


126.2 


Mar. 


284.6 


200.9 


224.9 


300.4 


288.9 


223.3 


229.2 


126.7 


Apr. 


173.5 


205.7 


209.5 


251.9 


290.6 


206.0 


211.6 


127.8 


May 


189.5 


204.8 


180.0 


225.0 


286.0 


191.9 


208.5 


129.5 


June 


195.7 


209.2 


206.0 


242.3 


291.7 


217.3 


210.6 


132.1 


July 


210.8 


207.4 


241.9 


248.8 


295.4 


218.4 


212.1 


134.4 


Aug. 


210.4 


204.2 


190.4 


250.5 


277.9 


231.7 


220.9 


135.1 


Sept. 


194.9 


202.4 


177.9 


228.9 


276.0 


218.1 


213.8 


135.0 


Oct. 


207.0 


205.1 


181.8 


232.2 


256.6 


210.5 


210.5 


136.9 


Nov. 


221.9 


212.5 


1S7.8 


261.4 


299.2 


212.0 


223.1 


137.3 


Dec. 


218.3 


239.8 


184.6 


263.9 


274.9 • 


. 254.5 


212.4 


137.2 


1947— Jan. 


183.3 


213.6 


270.9 


305.3 


248.8 


280.0 


220.2 


136.9 


Feb. 


200.5 


211.8 


230.2 


339.7 


246.6 


303.4 


233.6 


137.9 



** Mcnthly indexes adjusted for number of business days and seasonal variations * Not Available. 



23 



FEB. - MAR. 1947 



Index 1935-39 = 100 



VII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 




Weighting 


31 


6 


12 


19 


9 


23 


100 




Average of Months 


















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 




1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 




1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 




1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 




1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 




1944 


131.3 


110.6 


121.5 


111.9 


118.4 


108.9 


118.9 




1945 


133.0 


107.0 


122.1 


112.1 


119.0 


109.4 


119.5 




1946 


140.4 


107.5 


126.3 


112.7 


124.4 


112.6 


123.6 




Monthly 


















1946— Jan. 


132.8 


107.1 


122.6 


112.3 


119.5 


110.9 


119.9 




Feb. 


132.5 


107.1 


122.7 


112.3 


120.1 


110.9 


119.9 




Mar. 


133.1 


107.2 


123.1 


112.3 


120.4 


110.9 


120.1 




Apr. 


135.1 


107.2 


123.2 


112.3 


120.7 


111.0 


120.8 




May 


137.7 


107.2 


123.7 


112.6 


122.1 


111.5 


122.0 




June 


142.1 


107.2 


124.3 


112.6 


122.4 


112.1 


123.6 




July 


144.2 


107.2 


126.4 


112.6 


125.1 


113.7 


125.1 




Aug. 


144.7 


107.2 


127.6 


112.6 


127.0 


113.8 


125.6 




Sept. 


143.2 


107.2 


129.6 


112.6 


128.4 


113.9 


125.5 




Oct. 


146.5 


107.3 


130.2 


113.4 


128.8 


113.9 


126.8 




Nov. 


146.6 


108.6 


131.1 


113.4 


129.2 


114.1 


127.1 




Dec. 


146.4 


109.2 


131.2 


113.4 


129.4 


114.1 


127.1 




1947— Jan. 


145.5 


109.0 


131.5 


113.4 


129.8 


114.7 


127.0 




Feb. 


147.0 


109.1 


131.9 


113.4 


130.9 


115.5 


127.8 



•Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes between $1,200 -$1,600 most common. 



Thousands of Tons 



VIII— STEAM RAILWAYS 

REVENUE FREIGHT LOADED BY CANADIAN RAILWAY SYSTEMS'" 

Dominion Bureau of Statistics 





Farm Products an 


d Foods 


Forest 




Non-Metallic M 


inerals 


Manu- 












Products 
and 


Metals 








factures 
and 






Grains 


Livestock 


All 


Coal 


Petroleum 


All (2) 


Total 




and their 
Products 


and 
Meats 


Other 


Paper 




and 
Coke 


and 
Gasoline 


Other 


cellaneous 




Calendar Years 






















1926 


19,888 


2,340 


5,717 


19,084 


4,831 


24,257 


2,574 


10,075 


16,457 


105,222 


1929 


18,767 


2,278 


5,374 


19,629 


7,116 


24,405 


4,028 


13,684 


19,906 


115,187 


1932 


16,389 


1,619 


3,803 


8,304 


2,093 


14,384 


2,457 


3,626 


8,132 


60,807 


1937 


10,371 


1,840 


5,185 


13,932 


9,132 


17,566 


2,675 


6,022 


15,272 


81,995 


1943 


26,854 


2,441 


7,563 


18,889 


18,600 


27,255 


15,949 


6,636 


28,762 


152,949 


1944 


32,573 


2,887 


8,628 


19,785 


15,968 


25,195 


14,466 


6,458 


28,884 


154,845 


1945 


33,043 


2,615 


8,958 


20,264 


14,165 


23,718 


9,403 


6,904 


27,881 


146,952 


1946 


25,688 


2,279 


8,963 


22,866 


13,163 


25,950 


5,800 


8,382 


25,437 


138,527 


Monthly 






















1946— Jan. 


2,177 


217 


806 


1,894 


831 


2,413 


396 


357 


2,031 


11,121 


Feb. 


1,682 


195 


659 


2,094 


743 


2,538 


373 


265 


1,809 


10,358 


Mar. 


1,947 


193 


767 


2,292 


940 


2,523 


420 


384 


2,273 


11,738 


Apr. 


2,026 


174 


687 


1,657 


1,061 


1,717 


423 


592 


2,407 


10,745 


May 


1,782 


158 


627 


1,719 


1,077 


1,539 


527 


807 


2,249 


10,485 


June 


1,512 


149 


589 


1,754 


1,271 


1,838 


472 


885 


2,118 


10,588 


July 


1,662 


178 


588 


2,082 


1,224 


1,981 


516 


935 


1,942 


11,108 


Aug. 


1,882 


185 


582 


2,128 


1,205 


2,212 


573 


917 


1,943 


11,627 


Sept. 


2,825 


167 


666 


1,945 


1,202 


2,299 


545 


932 


2,005 


12,587 


Oct. 


3,078 


216 


1,068 


1,888 


1,407 


2,421 


545 


945 


2,190 


13,758 


Nov. 


2,955 


250 


1,004 


1,671 


1,250 


2,281 


510 


808 


2,269 


12,999 


Dec. 


2,159 


195 


920 


1,742 


951 


2,187 


501 


555 


2,203 


11,413 



(1) Carried in Canada. (2) Sand and Gravel, Cement, Lime and Plaster, Stone, Slate, Clay, Asphalt, Salt. 






FEB. - MAR. 1947 



24 



Millions of Dollars 



IX— CONSTRUCTION CONTRACTS AWARDED 

Compiled from " MacLean Building Reports" 





Private Contracts 


Public 
Contracts 
Awarded 


Total 
Con- 
tracts 


D 


STRIBUTION BY AREAS 




Resi- 
dential 


Industrial 


Business 


General 
Engin- 
eering 


Total 
Private 


Maritime 


Quebec 


Ontario 


Western 


Annual Totals 
























1926 


109.6 


79.7 


84.3 


25.0 


298.5 


74.4 


372.9 


8.4 


151.9 


141.9 


70.7 


1929 


128.9 


63.0 


139.6 


99.4 


431.0 


145.7 


576.7 


20.2 


187.8 


215.8 


152.9 


1932 


28.9 


7.8 


20.5 


15.6 


72.9 


60.0 


132.9 


9.3 


52.5 


49.3 


21.7 


1937 


56.2 


33.8 


33.4 


28.0 


151.5 


72.6 


224.1 


21.6 


71.9 


97.8 


32.8 


1944 


131.2 


58.7 


28.7 


9.5 


228.1 


63.8 


292.0 


19.7 


89.9 


111.7 


70.6 


1945 


196.0 


75.5 


41.3 


21.4 


334.2 


74.9 


409.0 


26.3 


121.9 


151.9 


108.9 


1946 


213.1 


138.3 


132.5 


39.4 


523.3 


140.0 


663.4 


40.8 


226.8 


252.8 


142.9 


12-Mths. Ending 
























Feb. 1947 


211.5 


139.0 


146.1 


52.5 


549.1 


151.8 


701.0 


49.3 


251.4 


255.6 


144.8 


Monthly Totals 
























1946-Jan. 


4.8 


9.3 


5.8 


3.5 


23.4 


4.0 


27.4 


1.5 


12.4 


9.0 


4.5 


Feb. 


9.3 


4.2 


5.6 


9.1 


28.2 


4.9 


33.1 


.7 


5.5 


19.1 


7.8 


Mar. 


15.7 


21.5 


12.2 


1.9 


51.4 


6.2 


57.6 


3.3 


26.5 


15.7 


12.1 


Apr. 


26.9 


18.8 


15.7 


1.6 


63.0 


12.9 


75.9 


3.3 


20.5 


38.1 


14.0 


May 


32.2 


18.4 


15.7 


1.4 


67.6 


14.6 


82.2 


2.9 


22.8 


30.0 


26.5 


June 


22.6 


9.3 


12.9 


5.0 


49.8 


16.6 


66.4 


7.4 


15.5 


26.7 


16.8 


July 


21.1 


5.7 


12.0 


1.3 


40.0 


27.7 


67.7 


3.2 


15.9 


32.9 


15.6 


Aug. 


19.2 


7.6 


12.0 


.8 


39.6 


10.8 


50.4 


2.0 


22.6 


14.8 


11.1 


Sept. 


13.5 


10.4 


14.0 


.6 


38.5 


6.3 


44.8 


2.2 


20.4 


11.8 


10.4 


Oct. 


21.5 


16.9 


9.5 


11.9 


59.8 


13.5 


73.3 


3.9 


38.6 


22.7 


8.0 


Nov. 


16.0 


10.7 


9.9 


2.1 


38.7 


9.3 


48.0 


7.3 


13.2 


18.5 


9.0 


Dec. 


10.2 


5.6 


7.4 


.2 


23.4 


13.2 


36.5 


3.1 


12.9 


13.5 


7.0 


1947-Jan. 


5.1 


6.2 


13.7 


7.2 


32.3 


12.4 


44.7 


7.6 


11.0 


19.1 


7.0 


Feb. 


7.4 


8.0 


11.3 


18.5 


45.2 


8.2 


53.5 


3.1 


31.5 


11.8 


7.1 



RESIDENTIAL CONSTRUCTION CONTRACTS AWARDED : 1927-47 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 




1928 1929 1930 1931 1932 1933 1934 1935 1936 1937 

* Running 12-month totals in 1939-47. 



1938 1939 1940 1941 1942 1943 1944 1945 1946 1947 



25 



FEB. - MAR. 1947 



Millions of Kilowatt Hours 



X— CENTRAL ELECTRIC STATIONS 

Dominion Bureau of Statistics & Bank of Canada 





Production 


Exports 
to 


Losses 


Consumption 


Daily Averages 


Generated 


Generated 






Firm 




by 
Water 


by 
Fuel 


Total 


U.S.A. 


(Estimated) 


Secondary 
Power 


Power 

(Estimated) 


Calendar Years 
















1926 


32.2 


.5 


32.7 


4.1 


4.3 


2.9 


21.3 


1929 


47.4 


.9 


48.3 


4.0 


6.7 


6.3 


31.4 


1932 


42.5 


-.8 


43.4 


1.8 


6.2 


7.9 


27.4 


1937 


74.2 


1.4 


75.6 


5.1 


10.6 


21.4 


38.6 


1943 


108.5 


2.1 


110.6 


7.0 


15.5 


5.8 


82.3 


1944 


107.9 


2.7 


110.6 


7.1 


15.5 


7.7* 


80.3* 


1945 


107.3 


2.6 


109.9 


73 


15.4 


18.2* 


69.1* 


1946 


111.2 


2.8 


114.0 


6.8 


16.1 


22.1 


69.0 


1946— Jan. 


107.7 


2.9 


110.6 


6.4 


15.6 


21.9 


66.6 


Feb. 


110.8 


2.9 


113.7 


6.4 


16.1 


23.1 


68.1 


Mar. 


111.6 


2.5 


114.1 


7.1 


16.1 


23.5 


67.5 


Apr. 


114.6 


2.3 


116.9 


7.9 


16.4 


24.5 


68.1 


May 


114.5 


2.2 


116.6 


7.6 


16.3 


24.5 


68.2 


June 


111.6 


2.2 


113.8 


7.7 


15.9 


22.7 


67.6 


July 


108.1 


2.3 


110.4 


8.1 


15.3 


21.6 


65.4 


Aug. 


108.4 


2.5 


111.0 


7.5 


15.5 


21.3 


66.6 


Sept. 


105.9 


2.9 


108.9 


6.7 


15.3 


19.7 


67.2 


Oct. 


111.2 


3.3 


114.5 


6.0 


16.3 


20.6 


71.6 


Nov. 


115.1 


3.8 


118.9 


4.8 


17.1 


21.5 


75.5 


Dec. 


115.0 


3.5 


118.5 


5.4 


17.0 


20.2 


75.9 


1947— Jan. 


122.9 


3.6 


126.4 


5.4 


18.2 


22.1 


80.8 


Feb. 


125.2 


3.0 


128.2 


5.4 


18.4 


23.3 


81.0 



* Revised. 



Thousands of Short Tons 



XI— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 





SUPPLY 


ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 












Exports 


Total 


U.S. 


Canadian 




Increase 




Canada 


New- 
foundland 


U.S.A. 


Total 


Overseas 


Supply 


Publishers 


Publishers 


Total 


or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1944 


2,992 


273 


720 


3,984 


- 


568 


3,416 


3,243 


188 


3,431 


15 


1945 


3,259 


333 


724 


4,316 


- 


704 


3,613 


3,481 


201 


3,683 


70 


1946 


4,143 


363 


771 


5,277 


13 


693 


4,597 


4,296 


248 


4,545 


53 


12-Mths Ending 
























Feb. 1947 


4,218 


366 


774 


5,358 


26 


682 


4,702 


4,407 


253 


4,659 


43 


Monthly 

1946-Jan. 


328.4 


30.8 


67.8 


427.0 


_ 


64.9 


362.1 


302.8 


19.1 


321.9 


40.3 


Feb. 


308.4 


27.4 


60.6 


396.4 


- 


34.7 


361.7 


305.8 


17.8 


323.6 


38.0 


Mar. 


334.1 


31.2 


65.3 


430.6 


- 


55.9 


374.8 


366.7 


19.5 


386.2 


11.5 


Apr. 


337.9 


29.5 


67.1 


434.4 


- 


63.0 


371.4 


354.8 


20.5 


375.3 


3.8 


May 


359.9 


31.8 


65.9 


457.7 


- 


66.1 


391.6 


358.2 


20.2 


378.4 


13.2 


June 


334.2 


28.9 


61.2 


424.3 


- 


47.0 


377.3 


355.2 


19.2 


374.4 


2.9 


July 


357.0 


31.3 


62.7 


451.1 


- 


61.9 


389.2 


333.0 


21.1 


354.1 


35.1 


Aug. 


370.7 


32.4 


65.1 


468.2 


- 


58.1 


410.1 


352.5 


22.1 


374.6 


35.5 


Sept. 


330.1 


29.5 


61.0 


420.6 


.5 


44.7 


376.3 


363.S 


21.9 


385.7 


9.4 


Oct. 


376.4 


32.6 


67.2 


476.3 


.5 


67.2 


409.5 


400.3 


23.0 


423.3 


13.7 


Nov. 


364.3 


30.9 


64.7 


459.9 


8.3 


74.2 


394.1 


399.3 


22.6 


421.9 


27.8 


Dec. 


342.0 


26.4 


62.1 


430.4 


4.1 


55.4 


379.2 


403.9 


21.4 


425.2 


46.1 


1947-Jan. 


370.0 


32.2 


68.6 


470.8 


8.8 


35.9 


443.8 


365.0 


21.4 


386.4 


57.4 


Feb. 


341.3 


29.7 


62.8 


433.8 


4.0 


53.0 


384.8 


354.0 


19.6 


373.6 


11.2 



FEB. - MAR. 1947 



26 



XII-MINERAL PRODUCTION: 1938-46 

Dominion Bureau of Statistics 
METALLIC MINERALS 





Gold 


Silver 


Other*" 
Precious Metals 


Nickel 


Copper 


Zinc 




fine oz. 
000 


$ mm. 


fine oz. 
000 


$ mm. 


fine oz. 
000 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


lbs. mm. 


$ mm. 


1938 


4,725 


166.2 


22,219 


9.7 


292 


8.9 


211 


53.9 


571 


56.6 


382 


11.7 


1939 


5,094 


184.1 


23,164 


9.4 


284 


9.4 


226 


50.9 


609 


60.9 


395 


12.1 


1940 


5,311 


204.5 


23,834 


9.1 


200 


7.8 


246 


59.8 


656 


65.8 


424 


14.5 


1941 


5,345 


205.8 


21,754 


8.3 


222 


8.1 


282 


68.7 


643 


64.4 


512 


17.5 


1942 


4,841 


186.4 


20,695 


8.7 


508 


19.2 


285 


70.0 


604 


60.4 


580 


19.8 


1943 


3,651 


140.6 


17,345 


7.8 


346 


13.7 


288 


71.7 


575 


67.2 


611 


24.4 


1944 


2,923 


112.5 


13,627 


5.9 


200 


8.0 


275 


69.2 


547 


65.3 


551 


23.7 


1945 


2,697 


103.8 


12,943 


6.1 


667 


26.7 


245 


62.0 


475 


59.3 


517 


33.3 


1946f 


2,828 


103.9 


12,677 


10.6 


245 


13.0 


191 


46.8 


371 


47.0 


472 


36.9 





Lead 


Mercury 


Iron Ore 


Magnesium 


All Other 
Metallics 


Total 
Metallics 
























lbs. mm. 


$ ran 


i. 


lbs. 000 


$ mm. 


tons 000 


$ mm. 


lbs. 000 


$ mm. 


$ mm. 


$ mm. 


1938 


419 


14.C 


I 


1 


_ 


_ 


_ 


_ 


_ 


2.1 


. 


323.1 


1939 


389 


12.5 




- 


- 


124 


.3 


- 


- 


4.0 


343.5 


1940 


472 


15. S 




154 


.4 


415 


1.2 


- 


- 


3.6 


382.5 


1941 


460 


15.1 




536 


1.3 


516 


1.4 


11 


- 


4.3 


395.3 


1942 


512 


17.2 


I 


1,036 


2.9 


545 


1.5 


809 


.4 


5.7 


392.2 


1943 


444 


16.7 


r 


1,690 


4.6 


641 


2.0 


7,154 


2.1 


6.1 


L 


356.8 


1944 


305 


13.7 


736 


1.2 


553 


1.9 


10,580 


2.6 


4.3 


308.3 


1945 


347 


17.3 


- 


- 


1,135 


3.6 


7,359 


1.6 


3.3 


317.1 


1946f 


354 


23.9 


— 


— 


1,581 


4.8 


323 


.1 


3.4 


290.4 


NON-METALLIC MINERALS 




Coal 


Petroleum 


Natural Gas 


Asbestos 


Salt 


Sulphur 


tons 000 


$ mm. 


bbl. 000 


$ mm. 


cu. ft. 
billions 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


1938 


14,295 


44.0 


6,966 


9.2 


33 


11.6 


290 


12.9 


440 


1.9 


112 


1.0 


1939 


15,693 


48.7 


7,826 


9.8 


35 


12.5 


364 


15.9 


425 


2.5 


211 


1.7 


1940 


17,567 


54.7 


8,591 


11.2 


41 


13.0 


347 


15.6 


465 


2.S 


171 


1.3 


1941 


18,226 


58.1 


10,134 


14.4 


43 


12.7 


478 


21.5 


561 


3.2 


260 


1.7 


1942 


18,865 


62.9 


10,365 


16.0 


46 


13.3 


439 


22.7 


654 


3.8 


304 


2.0 


1943 


17,859 


62.9 


10,052 


16.5 


44 


11.8 


476 


23.2 


688 


4.4 


258 


1.8 


1944 


17,026 


70.4 


10,099 


15.4 


45 


11.4 


419 


20.6 


695 


4.1 


248 


1.8 


1945 


16,507 


67.6 


8,483 


13.6 


48 


12.3 


467 


22.8 


673 


4.1 


250 


1.9 


1946f 


17,692 


74.4 


7,668 


15.0 


47 


11.4 


549 


24.5 


530 


3.4 


231 


1.8 





Gypsum 


Sodium Sulphate 


Peat Moss 


Magnesitic 
Dolomite 


All Other"' 
Non-Metallics 


Total* 2 ' 
Non- 




















Metallics 




tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


tons 000 


$ mm. 


$ mm. 


$ mm. 


1938 


1,009 


1.5 


63 


.6 


_ 


_ 


* 


.4 


1.7 


84.9 


1939 


1,422 


1.9 


71 


.6 


- 


- 


* 


.5 


1.6 


95.7 


1940 


1,449 


2.1 


94 


.8 


- 


- 


* 


.9 


2.5 


104.8 


1941 


1,593 


2.2 


116 


.9 


28 


.6 


* 


.8 


3.4 


119.5 


1942 


566 


1.3 


131 


1.1 


54 


1.1 


* 


1.1 


3.7 


128.8 


1943 


447 


1.4 


107 


1.0 


64 


1.5 


* 


1.3 


5.4 


131.2 


1944 


596 


1.5 


102 


1.0 


80 


1.9 


* 


1.1 


5.3 


134.5 


1945 


840 


1.8 


93 


.9 


84 


2.0 


* 


1.3 


5.0 


133.2 


1946f 


1,834 


3.2 


106 


1.0 


87 


2.5 


* 


1.3 


4.3 


142.7 



(1) For 1945 and 1946 the figures represent the metal content of concentrates produced from nickel-copper ores. For earlier years the figures refer to refined 
metals recovered and the contents of concentrates sold. (2) Excluding clay products and other structural materials, f Preliminary. * Not available. 



27 



FEB. - MAR. 1947 



XIII— EMPLOYMENT INDEXES' 



Unadjusted Index 1926=100 






Dominion 


Bureau o 


f Statistic. 


• 












MANUFACTURING 


Mining 


Transpor- 


Construc- 
tion and 


Trade 








Forest 




Machinery 


Other 


Other 


Total 




Foods 


Industries 
(2) 


Textiles 


and 
Vehicles 


Iron and 
Steel 


Manufac- 
turing 




tation 


Maint- 
enance 






Average of Months'" 
























1926 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


112.0 


112.4 


107.2 


121.8 


130.3 


124.8 


120.1 


109.7 


129.7 


126.2 


119.0 


1933 


101.7 


70.5 


96.1 


62.5 


59.0 


91.1 


97.5 


79.0 


74.6 


112.1 


83.4 


1937 


125.3 


117.0 


125.6 


98.6 


115.9 


126.1 


153.2 


85.2 


99.5 


132.1 


114.1 


1944 


190.3 


146.9 


157.1 


275.3 


414.5 


257.2 


154.5 


121.2 


104.6 


164.2 


183.0 


1945 


191.2 


157.1 


158.5 


218.4 


342.0 


234.3 


146.9 


124.5 


109.1 


174.8 


175.1 


1946 


198.9 


170.5 


163.7 


174.1 


246.5 


215.5 


155.2 


128.4 


129.6 


191.2 


173.2 


First of Month 
























1946— Jan. 


187.4 


177.5 


157.4 


165.0 


252.4 


211.7 


149.1 


125.2 


107.7 


193.6 


168.2 


Feb. 


184.9 


178.8 


163.8 


169.8 


256.4 


213.8 


150.8 


122.2 


102.4 


178.6 


167.2 


Mar. 


177.0 


179.3 


166.4 


169.4 


252.9 


214.7 


152.9 


121.3 


101.3 


179.9 


167.0 


Apr. 


177.9 


173.7 


167.5 


175.0 


254.7 


216.6 


153.8 


124.0 


106.0 


184.8 


168.9 


May 


179.8 


159.3 


166.1 


179.7 


253.5 


217.3 


155.9 


127.7 


115.2 


186.7 


169.3 


June 


184.2 


146.1 


164.5 


180.3 


252.1 


218.7 


157.5 


126.8 


131.1 


187.7 


169.9 


July 


194.4 


158.4 


158.2 


175.9 


250.4 


219.1 


159.5 


128.3 


141.7 


191.1 


173.6 


Aug. 


207.3 


160.4 


156.8 


175.2 


229.9 


207.5 


156.6 


129.6 


148.1 


190.0 


172.8 


Sept. 


221.1 


163.4 


161.1 


173.8 


229.2 


210.0 


155.7 


131.4 


152.3 


192.1 


175.5 


Oct. 


233.5 


172.5 


165.3 


172.2 


228.1 


209.4 


154.5 


133.2 


152.2 


196.8 


178.1 


Nov. 


224.9 


183.4 


167.8 


174.6 


247.7 


220.3 


156.5 


135.7 


151.9 


201.3 


182.7 


Dec. 


214.8 


193.1 


169.5 


178.2 


250.2 


227.4 


159.8 


135.8 


145.8 


212.0 


185.7 


1947— Jan. 


198.2 


194.5 


165.3 


178.1 


246.3 


226.7 


154.0 


132.0 


125.1 


212.3 


181.4 


Feb. 


196.6 


197.2 


172.2 


180.5 


252.1 


230.3 


161.6 


130.6 


121.8 


198.5 


181.1 



* As reported by establishments with not less than 15 employees. Excluding employment indexes for financial institutions which were not compiled 
prior to 1940. (1) Average Jan. 1-Dec. 1. (2) Lumber and Products, Pulp and Paper Products and Logging. 



EMPLOYMENT, PAYROLLS AND EARNINGS IN INDUSTRY' 

INDEX JUNE 1,1941 = 100 CENTS 



1941-47 



DOLLARS 




1941 1942 1943 1944 1945 1946 1947 



1941 1942 1943 1944 1945 1946 1947 



* As reported by establishments with not less than 15 employees. (1) As reported, first of month, for the last week of the previous month and plotted 
at end of the previous month. (2) Hourly-rated wage-earners, t Last figures available for plotting on chart were for Jan. 1, 1947. 



FEB. - MAR. 1947 



28 



Thousands 



XIV— EMPLOYMENT AND PAYROLLS BY INDUSTRIES*: 1946-47 

Dominion Bureau of Statistics 
NUMBER OF EMPLOYEES 



First of Month! 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



Jan. 



943 
104 

70 

34 
160 
137 

52 
215 

70 



1,785 



Feb. 



958 
104 

71 

34 
156 
131 

53 
199 

70 



1,776 



Mar. 



957 
103 

72 

34 
155 
129 

53 
201 

72 



1,778 



Apr. 



970 
92 
73 
36 

159 

135 
54 

207 
75 



1,800 



May 



977 
68 
74 
36 

164 

147 
55 

209 
74 



1,804 



June 



970 

59 

74 

38 
162 
168 

57 
210 

75 



1,812 



July 



983 
60 
75 
39 

164 

181 
59 

214 
75 



1,850 



Thousands 



First of Month! 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



Aug. 



967 
57 
74 
41 

166 

190 
61 

213 
75 



1,843 



Sept. 



983 
59 
73 
41 

168 

195 
61 

216 
77 



1,873 



Oct. 



990 
73 
73 
41 

171 

195 
59 

221 
77 



1,901 



Nov. 



1,013 
90 
73 

41 
174 
195 

57 
227 

77 



1,948 



Dec. 



1,021 
107 

75 

42 
174 
188 

58 
239 

77 



1,983 



Jan. 

1,002 
112 

72 

42 
169 
161 

58 
241 

78 



1,936 



Feb. 

1,020 
114 

76 

42 
168 
157 

58 
225 

79 



1,939 



Thousands of Dollars 



AGGREGATE WEEKLY PAYROLLS 



First of Month| 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



Jan. 



27,800 
2,845 
2,571 
1,110 
6,246 
3,980 
1,029 
5,741 
2,395 



53,717 



Feb. 



31,065 
2,708 
2,801 
1,104 
6,134 
4,079 
1,082 
5,546 
2,412 



56,932 



Mar. 



31,047 
3,009 
2,861 
1,136 
6,343 
4,141 
1,118 
5,668 
2,523 



57,844 



Apr. 



31,838 
2,633 

2,872 
1,156 
6,308 
4,257 
1,138 
5,827 
2,574 



58,603 



May 



31,506 
1,891 
2,824 
1,207 
6,413 
4,538 
1,153 
5,902 
2,582 



58,018 



June 



30,864 
1,457 
2,894 
1,241 
6,277 
5,177 
1,173 
5,962 
2,595 



57,638 



July 



31,808 
1,758 
2,964 
1,273 
6,413 
5,664 
1,234 
6,144 
2,594 



59,852 



Thousands of Dollars 



First of Month! 



Manufacturing 

Logging 

Mining 

Communications 

Transportation 

Construction & Maintenance 

Services 

Trade 

Finance 

Total 



Aug. 



31,597 
1,840 
2,870 
1,313 
6,568 
6,063 
1,262 
6,195 
2,601 



60,309 



Sept. 



32,173 
1,866 
2,875 
1,328 
6,707 
6,282 
1,274 
6,271 
2,681 



61,456 



Oct. 



32,849 
2,233 
2,933 
1,349 
7,091 
6,289 
1,284 
6,425 
2,750 



63,202 



Nc 



33,883 
2,734 
2,954 
1,380 
7,175 
6,380 
1,254 
6,606 
2,750 



65,117 



Dec. 



35,282 
3,169 
3,014 
1,381 
7,478 
6,154 
1,316 
6,888 
2,767 



67,450 



Jan. 



32,481 
3,638 
2,572 
1,404 
7,295 
5,006 
1,280 
6,983 
2,774 



63,431 



Feb. 



35,996 
3,623 
3,184 
1,406 
7,355 
5,263 
1,318 
6,840 
2,871 



67,856 



* ^s reported by establishments with not less than IS employees, t As reported first of month, for the last week of the previous month. 



29 



FEB. - MAR. 1947 



Millions of Dollars 



XV— CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-46 

Dominion Bureau of Statistics 







BY 


PRODUCTStt 




BY REGIONStt 


Certain 

COVT. 

Payments 


Total 
(incl 


Calendar Years 


Field 
Crops 


Livestock 


Dairy 

Products 

Poultry & 

Eggs 


All 
Other 


Total 


Maritimes 


Ontario 

and 
Quebec 


Western 
Provinces 


Total 


Certain 

Govt. 

Payments) 


1926 


561 


193 


164 


40 


958 


38 


351 


569 


958 


_ 


958 


1927 


525 


195 


173 


41 


934 


37 


348 


549 


934 


- 


934 


1928 


618 


210 


191 


45 


1,064 


37 


376 


651 


1,064 


- 


1,064 


1929 


482 


215 


187 


42 


927 


38 


367 


522 


927 


- 


927 


1930 


274 


158 


165 


35 


632 


37 


299 


296 


632 


- 


632 


1931 


178 


112 


128 


27 


445 


26 


225 


194 


445 


— 


445 


1932 


186 


80 


96 


22 


384 


20 


171 


193 


384 


- 


384 


1933 


191 


84 


100 


22 


397 


23 


177 


197 


397 


- 


397 


1934 


232 


112 


116 


26 


485 


26 


206 


253 


485 


- 


485 


1935 


231 


130 


122 


28 


511 


27 


219 


265 


511 


- 


511 


1936 


254 


155 


138 


31 


578 


29 


257 


292 


578 


- 


578 


1937 


263 


195 


150 


38 


646 


36 


302 


308 


646 


- 


646 


1938 


293 


164 


169 


38 


664 


34 


309 


321 


664 


- 


664 


1939 


332 


185 


166 


39 


722 


32 


319 


371 


722 


10 


732 


1940 


291 


245 


183 


47 


766 


40 


354 


372 


766 


2 


768 


1941 


312 


321 


230 


51 


914 


48 


431 


435 


914 


28 


942 


1942 


348 


373 


317 


63 


1,101 


58 


530 


513 


1,101 


55 


1,156 


1943 


516 


447 


367 


80 


1,410 


71 


586 


752 


1,410 


31 


1,441 


1944* 


824 


514 


400 


90 


1,828 


75 


627 


1,127 


1,828 


IS 


1,846 


1945* 


658 


526 


422 


91 


1,698 


79 


685 


933 


1,698 


6 


1,704 


1946 


700 


503 


442 


97 


1,742 


84 


718 


941 


1,742 


17 


1,759 



tt Includes amounts paid on account of wheat participation certificates, the oats and barley equalization payments and those Dominion and Provincial 

Government payments which farmers receive as subsidies to prices. 
** Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 
* Revised. 



MILLIONS OF DOLLARS 

2000 



1600 



CASH INCOME FROM THE SALE OF FARM PRODUCTS : 1926-46 

BY PRODUCTS • BY REGIONS 




ANNUAL TOTALS 



TOTAL 




MILLIONS OF DOLLARS 

2000 



1600 



1200 



800 



400 



1926 2630 32 3436 38 4042444648 1926 28 30 32 34 36 38 40 42 

* Payments under the Wheat Acreage Reduction Act, the Prairie Farm Assistance Act and the Prairie Farm Income Act. 



IFEB. - MAR. 1947 



30 



Millions of Dollars 



XVI— IMPORTS AND EXPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS**" 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 


Retained 






British Empire' 21 




Other Foreign Countries 




Excess of 
Exports 








U.S.A. 






Central' 5 ' 




all 


Ex. Gold 


Ex. Gold 


or 
Imports 




U.K. 


Other 




Europe 


Far East 


and 


Other 


Countries 








(D 


(2) 




(3) 


(4) 


S America 




(l) 








Calendar Years 
























1926 


165 


50 


669 


74 


17 


33 


1 


1,008 


15 


993 


299 


1929 


195 


62 


894 


96 


17 


33 


2 


1,299 


26 


1,273 


83 


1932 


94 


35 


264 


40 


7 


14 


1 


453 


8 


445 


115 


1937 


147 


89 


491 


46 


12 


21 


2 


809 


15 


794 


382 


1945 


100 


131 


1,202 


19 


— 


88 


5 


1,546 


49 


1,497 


1,817 


1946 


139 


139 


1,405 


41 


5 


129 


6 


1,864 


27 


1,838 


571 


Monthly Totals 
























1946— Jan. 


12.2 


9.7 


97.4 


2.3 


- 


9.4 


1.4 


132.4 


2.3 


130.2 


68.2 


Feb. 


5.1 


7.4 


86.0 


2.5 


.2 


7.2 


.6 


109.1 


1.6 


107.5 


55.1 


Mar. 


8.9 


12.5 


100.1 


2.5 


.1 


9.4 


.8 


134.4 


1.6 


132.8 


55.6 


Apr. 


11.5 


10.7 


114.8 


2.9 


.3 


10.2 


.7 


151.0 


1.8 


149.2 


36.4 


May 


10.7 


13.1 


113.4 


3.0 


.3 


14.9 


.8 


156.1 


1.9 


154.2 


52.8 


June 


13.9 


10.6 


106.6 


2.9 


.4 


13.4 


.3 


148.2 


2.1 


146.1 


28.3 


July 


12.1 


9.4 


112.5 


6.4 


.3 


10.7 


.3 


151.8 


2.6 


149.2 


46.1 


Aug. 


12.1 


13.5 


123.1 


2.9 


.2 


8.7 


.2 


160.8 


3.3 


157.5 


92.7 


Sept. 


11.4 


13.7 


115.8 


2.7 


.5 


10.9 


.4 


155.5 


2.1 


153.3 


23.2 


Oct. 


15.1 


15.1 


140.4 


3.7 


.9 


10.5 


.1 


185.9 


2.5 


183.4 


29.2 


Nov. 


14.4 


13.2 


149.5 


5.5 


1.1 


13.8 


.2 


197.7 


2.9 


194.8 


43.5 


Dec. 


11.3 


10.3 


145.6 


3.7 


.1 


9.9 


.5 


181.6 


2.4 


179.2 


39.4 


1947— Jan. 


13.7 


6.0 


136.6 


5.4 


1.2 


9.1 


1.2 


173.3 


1.8 


171.4 


46.2 



Millions of Dollars 






2. MERCHANDISE EXPORTS*'" 
















DOMESTIC 


EXPORTS 


(Excluding Gold) TO 








Total 




British Empire' 2 ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
Non- 
Monetary 

Gold 
Exports 


Exports 

Including 

Net 




U.K. 


Other 

(2) 


Europe 

(3) 


Far East 

(4) 


Central ' 

AND 

S. America 


Other 


Non- 
Monetary 
Gold 


Calendar Years 

1926 


316 


96 


458 


281 


61 


45 


4 


1,261 


30 


1,292 


1929 


225 


105 


493 


207 


68 


45 


11 


1,152 


37 


1,190 


1932 


151 


39 


159 


100 


20 


10 


12 


490 


70 


560 


1937 


384 


107 


382 


92 


33 


26 


7 


1,031 


145 


1,176 


1945 


963 


560 


1,197 


383 


10 


61 


44 


3,218 


96 


3,314 


1946 


598 


322 


888 


320 


60 


99 


26 


2,312 


96 


2,408 


Monthly Totals 

1946— Jan. 


51.1 


25.5 


62.3 


36.2 


3.7 


8.3 


1.8 


189.1 


9.3 


198.3 


Feb. 


37.9 


18.3 


57.6 


24.8 


2.1 


7.6 


4.8 


153.1 


9.5 


162.6 


Mar. 


50.5 


19.8 


66.5 


27.0 


3.0 


7.2 


4.4 


178.4 


10.0 


188.4 


Apr. 


41.0 


20.2 


71.4 


31.2 


4.4 


7.9 


2.4 


178.5 


7.2 


185.6 


May 


54.9 


31.2 


72.2 


25.2 


3.2 


7.6 


2.7 


197.0 


10.0 


207.0 


June 


30.6 


24.8 


66.5 


32.2 


4.5 


6.3 


1.7 


166.7 


7.7 


174.4 


July 


40.4 


32.7 


74.8 


26.7 


4.9 


7.5 


1.8 


188.7 


6.6 


195.3 


Aug. 


71.9 


35.1 


75.0 


40.8 


9.2 


9.8 


1.0 


242.7 


7.5 


250.1 


Sept. 


54.3 


23.1 


69.6 


11.9 


4.5 


5.4 


1.0 


169.8 


6.8 


176.5 


Oct. 


47.7 


24.7 


99.1 


18.8 


6.1 


6.9 


.9 


204.2 


8.5 


212.6 


Nov. 


57.9 


36.0 


89.2 


24.9 


9.4 


13.3 


1.5 


232.2 


6.0 


238.3 


Dec. 


59.4 


30.9 


83.9 


20.1 


5.1 


11.1 


1.5 


211.9 


6.7 


218.6 


1947— Jan. 


50.5 


29.8 


79.5 


23.4 


8.6 


15.6 


1.4 


208.6 


9.0 


217.6 



* It is important to note that under wartime conditions import and export statistics are not reliable indicators of international payments arising out 
of commodity tradi_; e.g. goods may be shipped overseas for use of Canadian forces, or may be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics. 

(1) Imports from the United Kingdom, do not include articles imported for the use of the armed forces of the United Kingdom, nor articles admitted 
free under Order in Council. Commencing in 1945 the item "Canadian goods returned" (9195) has been excluded; a large volume of Canadian military 
equipment and stores for which no payment is involved has been returned under this heading. 

(2) Includes Egypt. 

(3) Includes Turkey and U.S.S.R. 

(4) China, Japan, Korea, Siam, French East Indies, Netherland East Indies, Philippines, Portuguese Asia and Guam. 

(5) Includes Non-British West Indies and Mexico. 

(6) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



31 



FEB. - MAR. 1947 M 



















XVII- 


MERCHANDISE EXPORTS| ) 


Millions of Dollars 
















Compiled from 


"Trade of Canai w 


Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 

Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Othf 
Farn .; 
(inci 
raw wc 


1926 


21 


435 


10 


37 


13 


23 


9 


25 


16 


1 


9 


21 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 


- 


4 


2- 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


1 


! 


1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


2, 


1941 


11 


224 


3 


21 


17 


77 


7 


14 


8 


4 


5 


11 


1942 


10 


168 


7 


14 


18 


101 


10 


27 


7 


10 


12 


11 


1943 


15 


301 


42 


48 


10 


116 


15 


27 


9 


15 


29 


2\ 


1944 


24 


474 


61 


72 


9 


148 


44 


27 


8 


22 


28 


4(1 


1945 


32 


574 


48 


50 


12 


96 


70 


28 


15 


44 


17 




1946 


29 


377 


23 


41 


18 


66 


63 


22 


13 


27 


13 


35 


Monthly Totals 

1946-Jan. 


2.9 


32.5 


1.2 


1.6 


.8 


4.6 


9.7 


1.9 


.7 


2.8 


2.1 


3.^ 


Feb. 


1.1 


24.2 


.9 


1.4 


.9 


7.4 


6.8 


1.2 


.6 


2.0 


2.3 


2; 


Mar. 


1.0 


32.3 


1.1 


1.4 


1.2 


5.2 


7.4 


.1 


.6 


4.4 


2.2 


4.1 


Apr. 


1.0 


33.2 


.6 


1.8 


1.3 


3.2 


6.2 


.1 


.6 


2.1 


1.3 


3.' 


May 


1.1 


37.9 


1.6 


1.9 


1.9 


7.9 


3.6 


.1 


.8 


2.8 


.5 


3.1 


June 


1.9 


24.4 


3.2 


2.0 


1.9 


4.9 


2.8 


.1 


1.0 


.9 


.1 


2. 


July 


1.0 


30.8 


3.0 


2.9 


2.1 


4.8 


2.4 


.1 


1.4 


2.2 


.1 


3.1 


Aug. 


2.2 


29.4 


1.4 


3.0 


1.9 


9.5 


3.5 


7.1 


2.4 


2.7 


.1 


4, 


Sept. 


3.0 


19.9 


1.7 


2.1 


1.5 


4.1 


3.1 


5.2 


1.7 


.9 


.3 


3. 


Oct. 


3.1 


39.9 


2.9 


6.7 


1.7 


3.5 


4.6 


3.2 


1.3 


1.6 


.8 


2. 


Nov. 


6.4 


41.0 


4.0 


6.4 


1.7 


3.1 


4.8 


1.7 


1.2 


3.1 


1.6 


2. 


Dec. 


4.2 


31.5 


1.5 


9.3 


1.2 


8.2^ 


7.9 


1.3 


.7 


1.3 


1.9 


3. 


1947-Jan. 


2.9 


36.5 


1.3 


3.6 


.8 


4.7 


7.1 


.5 


.7 


1.2 


2.7 


2. 


Calendar 
Years 


Fibres 
& Textiles 
(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos, 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Guns 
and 
Rifles 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 

Products 


Copper 

and 
Products 


Nickel 

and 

Products 


Otl 

No , 
ferr, 

Mel 


1926 


6 


17 


4 


38 






16 


2 


7 


15 


12 


r 


1929 


8 


20 


7 


47 


- 


- 


16 


3 


15 


37 


26 


X. 


1932 


4 


2 


4 


7 


- 


- 


4 


1 


4 


16 


7 


I 


1937 


13 


10 


11 


27 


- 


- 


18 


4 


19 


56 


59 


i 


1941 


30 


12 


16 


149 


5 


13 


45 


4 


77 


43 


68 


i 


1942 


29 


9 


16 


257 


71 


74 


40 


25 


117 


35 


68 


i 


1943 


30 


10 


10 


455 


53 


144 


45 


41 


129 


31 


68 


i 


1944 


55 


13 


25 


386 


48 


240 


62 


72 


106 


41 


68 




1945 


53 


20 


20 


301 


51 


83 


80 


61 


134 


41 


55 




1946 


50 


29 


16 


78 


34 


4 


67 


21 


56 


37 


55 




Monthly Totals 

1946-Jan. 


4.7 


2.3 


.9 


6.8 


2.2 





5.7 


3.1 


1.7 


3.7 


3.0 


I 


Feb. 


3.2 


1.3 


.7 


6.1 


4.2 


- 


7.2 


.5 


.8 


2.3 


2.3 




Mar. 


3.4 


2.5 


1.2 


6.5 


1.1 


- 


6.8 


2.1 


1.6 


3.5 


4.5 


( 


Apr. 


5.5 


4.5 


1.0 


6.0 


2.9 


.2 


4.4 


1.0 


2.7 


2.9 


8.4 


( 


May 


7.5 


3.3 


1.2 


5.2 


2.0 


- 


6.1 


2.5 


6.4 


3.8 


4.2 


1 


June 


2.6 


2.5 


1.2 


10.6 


3.9 


.5 


6.1 


2.3 


5.4 


1.6 


3.9 


*-. 


July 


5.2 


3.0 


1.1 


8.4 


4.1 


- 


5.4 


2.9 


1.3 


2.5 


4.2 


i 


Aug. 


4.7 


2.1 


1.6 


7.8 


9.9 


3.2 


6.2 


1.7 


14.0 


5.0 


6.8 


< 


Sept. 


3.0 


1.4 


1.0 


4.7 


1.1 


- 


2.6 


.9 


4.4 


2.8 


4.2 


i 


Oct. 


2.9 


1.9 


2.1 


3.7 


.2 


- 


2.7 


1.2 


1.9 


1.2 


4.6 


. 


Nov. 


3.6 


2.1 


1.8 


6.7 


1.4 


- 


6.9 


1.3 


11.8 


2.3 


4.3 




Dec. 


3.7 


1.8 


1.9 


5.7 


.7 


- 


6.7 


1.5 


4.1 


5.4 


4.6 




1947-Jan. 


2.9 


2.2 


2.5 


11.0 


.6 


- 


5.1 


1.4 


3.1 


3.5 


5.1 


1 



(1) In the case of wheat after July 1936, export clearance figures are based on Board of Grain Commissioners rather than Customs data. Owing toj 
690, 710, 790, 1170, 1500-1S90, 1610, 1620, 1630, 1640, 1650, 1660, 1670, 1680, 1700. 1710. 2005, 2015, 2020, 2025, 2060. 2065, 2070, 2075, 2080, 2085, 20< ' 



32 



Millions of Dollars 



d 


Fish 

(canned & 
salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulp wood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 


25 


19 


10 


62 


14 


52 


114 


7 


27 


25 


26 


1926 




24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 




11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 




16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 




26 


16 


9 


74 


16 


86 


154 


22 


25 


13 


15 


1941 




31 


18 


8 


80 


20 


95 


141 


17 


28 


20 


12 


1942 




30 


26 


6 


74 


19 


100 


145 


16 


32 


17 


6 


1943 




32 


27 


12 


90 


20 


102 


157 


20 


40 


21 


26 


1944 




36 


30 


10 


99 


24 


106 


179 


24 


46 


29 


31 


1945 




45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 




3.1 


6.0 


.7 


7.6 


2.0 


8.2 


18.7 


1.9 


3.2 


2.9 


1.6 


Monthly Totals 

Jan .-1946 




2.6 


3.9 


.6 


6.6 


1.9 


9.0 


17.3 


1.2 


3.2 


2.7 


1.3 


Feb. 




4.1 


3.1 


1.4 


7.8 


2.0 


8.7 


19.5 


1.7 


3.8 


3.5 


2.1 


Mar. 




2.7 


3.6 


1.0 


7.6 


1.3 


9.3 


21.0 


1.3 


4.8 


3.0 


2.2 


Apr. 




2.5 


4.3 


1.4 


8.2 


1.3 


10.4 


21.8 


1.9 


3.8 


4.0 


2.4 


May 




4.2 


2.0 


1.4 


6.0 


2.3 


9.1 


21.5 


1.1 


1.9 


2.3 


1.7 


June 




4.3 


1.5 


2.1 


10.9 


3.6 


9.4 


22.7 


2.0 


3.9 


3.0 


1.5 


July 




4.0 


1.8 


2.6 


10.9 


4.0 


9.4 


25.2 


2.6 


4.4 


2.5 


1.9 


Aug. 




4.4 


2.6 


2.5 


13.7 


2.6 


9.3 


19.6 


1.8 


4.7 


2.9 


1.3 


Sept. 




5.3 


.8 


2.6 


16.0 


4.3 


10.2 


24.0 


1.5 


4.3 


2.9 


1.7 


Oct. 




4.8 


.5 


2.9 


15.2 


2.0 


10.9 


28.7 


2.1 


6.1 


3.8 


2.4 


Nov. 




3.2 


2.3 


1.2 


14.9 


1.3 


10.2 


25.7 


2.5 


5.8 


2.8 


2.4 


Dec. 




4.6 


3.2 


1.1 


13.0 


2.1 


11.9 


24.9 


2.1 


3.7 


3.0 


3.2 


Jan.-1947 


3 


Other 
Non- 
metallic 
Minerals 


Explosives 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


Cartridges 

and 

Shells 


Army 

&Navy 

Stores 

(3) 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(including 

golcT 


Calendar 
Years 




16 




5 


12 










45 


30 


1,292 


1926 




17 


- 


7 


14 


1 


- 


- 


- 


33 


37 


1,190 


1929 




6 


- 


3 


8 


- 


- 


- 


- 


14 


70 


560 


1932 




16 


- 


7 


15 


1 


- 


- 


- 


27 


145 


1,176 


1937 




26 


20 


10 


28 


2 


20 


42 


40 


36 


204 


1,842 


1941 




34 


24 


10 


43 


107 


27 


300 


55 


48 


184 


2,548 


1942 




40 


17 


18 


51 


89 


45 


354 


49 


60 


142 


3,113 


1943 




39 


19 


24 


58 


23 


107 


314 


46 


88 


110 


3,550 


1944 




37 


29 


30 


52 


16 


108 


175 


7 


103 


96 


3,314 


1945 




33 


- 


32 


35 


19 


10 


1 


- 


99 


96 


2,408 


1946 




2.0 


_ 


2.8 


2.7 


.9 


1.6 


_ 


.1 


14.7 


9.3 


198.3 


Monthly Totals 

Jan. -1946 




1.7 


- 


3.0 


2.3 


1.3 


.3 


- 


.1 


5.2 


9.5 


162.6 


Feb. 




2.2 


- 


3.1 


2.5 


1.0 


.6 


- 


.1 


5.3 


10.0 


188.4 


Mar. 




2.3 


- 


2.5 


3.0 


1.1 


.8 


- 


- 


5.5 


7.2 


185.6 


Apr. 




2.6 


.1 


2.4 


3.3 


.5 


.1 


- 


- 


7.6 


10.0 


207.0 


May 


' 


2.7 


- 


2.4 


2.8 


2.0 


.2 


- 


- 


6.3 


7.7 


174.4 


June 




3.3 


.1 


2.5 


3.4 


.5 


.3 


— 


- 


7.7 


6.6 


195.3 


July 


\ 


3.4 


- 


2.8 


3.8 


3.4 


.4 


.4 


- 


13.5 


7.5 


250.1 


Aug. 




2.8 


- 


2.7 


2.6 


1.8 


.9 


'- 


- 


7.9 


6.8 


176.5 


Sept. 




3.1 


- 


2.9 


2.8 


4.8 


.9 


- 


- 


9.3 


8.5 


212.6 


Oct. 




3.5 


- 


2.5 


2.9 


1.0 


1.9 


- 


- 


9.0 


6.0 


238.3 


Nov. 




3.3 


- 


2.4 


3.2 


.7 


1.4 


- 


- 


6.9 


6.7 


218.6 


Dec. 


| | 3.3 


- 


3.1 


3.5 


.6 


.8 


- 


- 


7.5 


9.0 


217.6 


Jan.-1947 



(! data this adjustment has not been made since Dec. 1941. (2) Made up of various items listed in "Trade of Canada" under code numbers 180, 610. 
I 0. 2490, 2500-2525, 2750, 2795, 2805, 2810, 2825, 2840, 2845, 2850, 2855, 2860, 3160, 3170 and 3180. (3) Not otherwise provided for. 






1 



STATISTICAL SUMMARY 

BANK OF CANADA 

Tables Charts Pages 

I Bank of Canada : 

Liabilities and Assets 33-34 

II Chartered Banks : 

Liabilities and Assets 35-36 

Canadian Deposits and Active Note Circulation 33 

Cash in Canada and Canadian Deposits 34 

Canadian Deposits 35 

Canadian Deposits, Loan and Dom.-Pfov. Securities ... 36 

III Security Prices: 

Govt. Securities Payable in Canada only 37 

Yields of Dom. Govt. Bonds, Payable in Canada only ... 37 

Govt. Securities, Canada, U.K. and U.S. A 38 

Yields of Govt. Bonds, Canada, U.K. and U.S. A 38 

IV Bond Issues and Retirements 39 

V Business Activity 40 

VI Wholesale Prices 40 

VII Public Finance: Federal Government : 

Cash Requirements 41 

Sources of Financing 42 

Income Tax Rates: Single Person 43 

Income Tax Rates: Married Person with 2 Children ... 43 

Income Tax Rates: Married Person without Children ... 44 

Income Tax Rates: Canada, U.K. and U.S. A 44 

Distribution of Total Tax Collections 45 

Percentage Distribution of Total Tax Collections .... 45 

VIII Profit Statistics for 380 Companies : 1936-46 46 

IX Corporate Financial Statistics for 709 Companies : 1936-45 

Total of 709 Companies . .47-48 

By Asset Groups : 1. Assets over $10 mm 49 

2. Assets $5 - 10 mm 50 

3. Assets $1-5 mm. ........ 51 

4. Assets under $1 mm 52 

X Commercial Failures 53 

XI Construction: Census of Industry 53 

XII Imports and Exports by Countries 54 

XIII Merchandise Imports: Commodity Classification 55-56 

XIV Canadian Balance of International Payments 57-58 

TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 

Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 

APRIL - MAY 1947 



33 



Millions of Dollars 



APRIL - MAY 1947 

I— BA>f 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Special 

Foreign 

Deposits'" 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tota 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Llabilit 
or 
Asset 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


290 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


448 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


_ 


320.0 


19.5 


710 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


- 


472.0 


22.6 


902 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


- 


661.0 


30.3 


1,174 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,480 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89* 


End of 

1945— Nov. 


141.4 


495.2 


636.6 


159.1 


27.4 


159.0 


972.5 


71.5 


2,02( 


Dec. 


162.9 


521.2 


684.1 


153.3 


29.8 


156.8 


966.2 


41.7 


2,031 


1946— Jan. 


147.2 


505.9 


653.1 


187.2 


34.2 


101.8 


940.9 


47.8 


1,96! 


Feb. 


134.6 


522.9 


657.6 . 
642.*J 


201.7 


56.4 


95.2 


952.1 


24.3 


i,98: 


Mar. 


124.7 


518.1 


149.2 


89.1 


95.2 


977.5 


36.9 


1,99( 


Apr. 


154.5 


555.8 


710.3 


183.3 


62.7 


23.6 


959.9 


33.8 


l,97i 


1946— Nov. 


140.4 


579.5 


719.9 


63.9 


79.4 


.9 


1,020.7 


45.9 


l,93i 


Dec. 


176.9 


565.5 


742.3 


60.5 


93.8 


1.0 


1,009.3 


41.7 


1,94 


1947— Jan. 


143.0 


533.3 


676.3 


150.1 


82.9 


1.0 


995.6 


50.0 


1,95 


Feb. 


129.2 


493.6 


622.8 


215.7 


75.3 


1.0 


1008.7 


36.3 


1,95 


Mar. 


147.3 


536.3 


683.5 


159.8 


64.6 


1.2 


1005.9 


30.9 


1,94 


Apr. 


164.8 


542.6 


707.4 


195.7 


69.3 


1.0 


989.1 


34.9 


1,99 



(1) Deposits payable in sterling. U.S.A. and foreign gold currencies, as shown under Item 5 (a) in the Bank of Canada Statement, representing foreign exchan 
representing foreign exchange held for account of foreign clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to the enac 
holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that d 



CHARTERED BANK CANADIAN DEPOSITS &. ACTIVE NOTE CIRCULATION : 1926-47 



MILLIONS Or DOLLARS 



MILLIONS Or DOLLARS 



8000 



6000 



4000 



2000 







8000 



6000 



4000 



2000 



1926 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 

Bank of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



I APRIL - MAY 1947 
ICANADA 



34 



Millions of Dollars 



ASSETS 




Reserve 


Securities 


Advances 


All 

Other 

Accounts 




Id 

i 


Silver 


Foreign ' 
Currencies 


Total' 2 ' 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 
2 yrs. 


Dom.-Prov. 
Over 
2 yrs. 


Total"' 




.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


Average of 
Month-end Figures 

1935-10 Mths. 


5.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937-12 Mths. 


).S 


- 


41.7 
* 


252.5 

* 


57.72 
* 


142.8 


46.2 

* 


189.1 

* 


.2 


6.7 


1939 




_ 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




- 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




- 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


173.9 




1,028.5 


595.9 


1,634.4 


.5 


31.8 


1945 




- 


27.3 


27.3 




1,247.3 


583.4 


1,842.4 


- 


29.1 


1946 







159.0 


159.0 




1,168.1 


629.4 


1,807.6 


5.0 


54.5 


End of 

Nov.— 1945 




- 


156.8 


156.8 




1,157.3 


688.3 


1,855.6 


- 


19.5 


Dec. 




- 


101.8 


101.8 




1,143.8 


686.2 


1,840.0 


- 


23.2 


Jan.— 1946 




- 


95.2 


95.2 




1,155.2 


688.8 


1,854.0 


- 


38.0 


Feb. 




- 


95.2 


95.2 




1,296.2 


559.9 


1,866.1 


- 


29.4 


Mar. 




- 


24.1 


24.1 




1,348.0 


553.0 


1,910.9 


- 


38.6 


Apr. 




— 


.9 


.9 




1,283.8 


605.0 


1,903.8 


— 


25.9 


Nov.— 1946 




- 


1.0 


1.0 




1,197.4 


708.2 


1,920.6 


- 


27.1 


Dec. 




- 


1.0 


1.0 




1,196.8 


718.8 


1,930.6 


- 


24.3 


Jan.— 1947 




- 


1.0 


1.0 




1,172.3 


738.9 


1,926.2 


- 


32.6 


Feb. 




- 


1.2 


1.2 




1,146.9 


757.5 


1,919.3 


- 


25.4 


Mar. 




— 


1.0 


1.0 




1,186.0 


751.2 


1,952.2 


4.0 


40.2 


Apr. 


^»sit for 
f'he War 


account of for 
Measures Act 


eign clients. 
. of the Foreig 


2) Includes a 
n Exchange A 


i amount of f< 
cquisition Ord 


>reign exchang 
er and the Ex 


e equal to the amount shown under Item 5 (a) in the Bank of Canada Statement 
:hange Fund Order. Under these orders the Bank's gold and foreign exchange 



k- minimum gold reserve requirement has been suspended. 



CHARTERED BANKS : CASH IN CANADA* AND CANADIAN DEPOSITS*: 1926-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 




8000 



6000 



4000 



2000 



1926 27 28 29 30 31 32 33 34 35 36 37 38 39 40 

*See i ote (3) on page 35. t Average of month-end estimated Canadian deposits in 1926-35. 



35 



APRIL - MAY 1947 



- 



a 



Millions of Dollars 



II— CHART Id I 

Bank 





LIABILITIES 






Notes 


Deposits 


Cash 
in CM 




Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 


Foreign 


Total 
Deposits 

(2) 


DOM.- 


PROV. 


Foreign 


Otheiltil 














Under2yrs. 


Over 2 yrs. 


Uovt. 




Average of 


























Month-end figures 


























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 & 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


239 tifi 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


62 


181 721 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


106 


161 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


145 Jl- 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


209 


154 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,863 


1,575 


228 


19] 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


27( . 


End of 

1945-Nov. 


26 


2,046 


2,816 


1,151 


6,004 


779 


6,924 


637 


1,446 


2,126 


241 


205 )|j 


Dec. 


26 


2,063 


2,865 


1,013 


5,949 


812 


6,884 


684 


1,415 


2,171 


242 


21( 


1946-Jan. 


25 


1,948 


2,963 


899 


5,807 


783 


6,719 


653 


1,435 


2,212 


244 


201 


Feb. 


25 


1,995 


3,078 


757 


5,835 


791 


6,758 


658 


1,384 


2,261 


258 


21" 


Mar. 


24 


1,985 


3,170 


626 


5,786 


800 


6,712 


640 


1,671 


2,028 


251 


24i 


Apr. 


24 


2,179 


3,238 


482 


5,911 


837 


6,878 


710 


1,652 


2,056 


277 


25' 


1946-Nov. 


22 


2,182 


3,460 


720 


6,403 


802 


7,314 


720 


1,706 


2,209 


270 


3H 


Dec. 


21 


2,291 


3,469 


492 


6,295 


813 


7,226 


742 


1,308 


2,325 


276 


32, . 


1947-Jan. 


21 


2,087 


3,533 


613 


6,271 


819 


7,203 


676 


1,333 


2,377 


278 


38 


Feb. 


21 


2,145 


3,586 


440 


6,211 


864 


7,184 


623 


1,139 


2,387 


319 


41 ! 


Mar. 


21 


1,996 


3,619 


573 


6,232 


885 


7,221 


684 


1,148 


2,429 


260 


10 . 


Apr. 


20 


2,166 


3,637 


553 


6,404 


880 


7,386 


707 


1,077 


2,548 


304 


42 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 193S: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and 



Dep t 



CHARTERED BANKS : CANADIAN DEPOSITS i 1926-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



4000 



3000 



2000 



1000 







4000 



3000 



2000 



1000 



1926 27 28 29 30 31 32 33 34 35 36 37 

* Chiefly Dominion and Provincial Government and Foreign Banks. 



- 



APRIL - MAY 1947 
I BANKS 



': 



36 



ASSETS 



al 



Loans 



CANADA 



Call 



140 
267 
117 
107 

34 
29 
35 
62 
130 
132 

239 
251 
210 
200 
148 
152 

117 
135 
134 
155 
121 
97 



Current 
Public 



934 
1,343 
1,032 

732 

1,091 

1,075 
1,053 
1,022 
1,100 
1,223 

1,314 
1,227 
1,174 
1,151 
1,133 
1,114 

1,431 
1,454 
1,448 
1,468 
1,507 
1,581 



Current 
Other 



87 
112 
165 
117 

95 
80 
62 

44 
35 
44 

58 
47 
39 
43 

48 
46 

46 
53 
33 
38 

48 
47 



ABROAD 



Call 



250 

301 

84 

68 

44 
56 
81 
100 
108 
87 

108 
120 
102 
110 
106 
106 

70 
77 
85 
73 
84 
79 



Current 



261 
248 
172 
165 

133 

127 
102 
114 
131 
155 

146 
151 
145 
147 
149 
152 

168 
178 
181 
191 
188 
200 



Total 
Assets 



2,864 
3,528 
2,869 
3,317 

4,008 
4,400 
5,149 
5,990 
6,743 
7,430 

7,389 
7,353 
7,190 
7,233 
7,193 
7,374 

7,877 
7,799 
7,768 
7,751 
7,799 
7,970 



Millions of Dollars 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in a) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


_ Ncte (si 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672 


5,916 


11.4 


992 


1946 


657 


5,868 


11.2 


985 


Nov.-1945 


676 


5,854 


11.5 


989 


Dec. 


677 


5,815 


11.6 


962 


Jan -1946 


653 


5,734 


11.4 


965 


Feb. 


639 


5,765 


11.1 


978 


Mar. 


663 


5,781 


11.5 


985 


Apr. 


718 


6,298 


11.4 


1,022 


Nov.-1946 


696 


6,199 


11.2 


1,030 


Dec. 


711 V 


' 6,185 


11.5 


1,000 


Jan -1947 


685 


6,290 


10.9 


1,000 


Feb. 


671 


6,103 


11.0 


1,013 


Mar. 


691 


6,233 


11.1 


1,013 


Apr. 



res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
k of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



CHARTERED BANKS • CANADIAN DEPOSITS, LOANS &. DOM.-PROV SECURITIES : 1926-47 



MILLIONS Or DOLLARS 



MILLIONS OF DOLLARS 



8000 



6000 



4000 



2000 




8000 



6000 



4000 



2000 



1926 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 



37 



APRIL - MAY 1947 



III— SECURITY PRICES 

Bank of Canada 





Dominion of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 




Average of Business Days 


15th of Each Month 




3% Perpetuals 


Theoretical 

15 Year 

Bond 


Theoretical 
9 Year 

Bond 


Theoretical 
5 Year 

Bond 


Theoretical 
2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1941 


92.23 


3.26 


3.10 


2.92 


2.11 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


Monthly 

1946— Mar. 


104.19 


2.73 


2.60 


2.26 


1.65 


1.38 


Apr. 


104.08 


2.74 


2.58 


2.29 


1.65 


1.38 


May 


103.88 


2.75 


2.60 


2.31 


1.68 


1.38 


June 


103.81 


2.75 


2.60 


2.31 


1.68 


1.40 


July 


103.86 


2.75 


2.59 


2.31 


1.68 


1.40 


Aug. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Sept. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Oct. 


103.81 


2.75 


2.60 


2.32 


1.70 


1.39 


Nov. 


103.90 


2.74 


2.60 


2.30 


1.68 


1.39 


Dec. 


103.95 


2.74 


2.60 


2.31 


1.70 


1.40 


1947— Jan. 


103.88 


2.74 


2.60 


2.31 


1.72 


1.41 


Feb. 


103.88 


2.74 


2.59 


2.29 


1.73 


1.41 


Mar. 


103.88 


2.74 


2.59 


2.28 


1.74 


1.42 


Apr. 


103.88 


2.74 


2.60 


2.28 


1.75 


1.43 


May 


103.88 


2.74 


2.59 


2.27 


1.76 


1.44 



YIELDS OF DOMINION GOVERNMENT BONDS : 1936-47 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



2.2% 




3.4% 



3.8% 



3.8% 



1936 1937 1936 1939 1940 1941 1942 1943 1944 1945 1946 1947 

1. Prior to 1940 figures are for the 1st of month. 2. 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. 3. May 15th. 



APRIL - MAY 1947 



38 









III— SECURITY 


PRICES 
















Bank of Canada 










Government Bonds 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada"' 


U. K.<» 


U.S.A.'" 


Canada 


U.K. 


U.S.A. 




Price 


Yield 


Price 


Yield 


Price 


Yield 


Annual Average 

1944 






100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


Monthly 

1946— Jan. 


102.47 


2.80 


101.94 


2.82 


104.69 


2.18 


.363 


.501 


.375 


Feb. 


104.14 


2.67 


103.08 


2.72 


106.23 


2.08 


.363 


.503 


.375 


Mar. 


104.96 


2.61 


103.51 


2.68 


106.77 


2.04 


.362 


.506 


.375 


Apr. 


104.99 


2.60 


105.12 


2.54 


106.93 


2.03 


.373 


.508 


.375 


May 


104.68 


2.63 


105.11 


2.53 


105.24 


2.14 


.385 


.504 


.375 


June 


104.81 


2.61 


104.62 


2.57 


105.65 


2.11 


.393 


.505 


.375 


July 


104.83 


2.61 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


.375 


Aug. 


104.75 


2.62 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


.376 


Sept. 


104.75 


2.61 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


.375 


Oct. 


104.75 


2.61 


106.58 


2.39 


103.99 


2.22 


.395 


.506 


.375 


Nov. 


104.79 


2.61 


108.46 


2.22 


104.09 


2.21 


.396 


.507 


.376 


Dec. 


104.77 


2.61 


108.35 


2.22 


104.19 


2.20 


.396 


.500 


.375 


1947— Jan. 


104.76 


2.61 


108.54 


2.20 


104.68 


2.17 


.399 


.500 


.375 


Feb. 


104.83 


2.60 


107.65 


2.28 


104.78 


2.16 


.399 


.506 


.376 


Mar. 


104.85 


2.60 


105.54 


2.47 


105.07 


2.14 


.399 


.506 


.376 


Apr. 


104.75 


2.60 


106.01 


2.42 


105.04 


2.14 


.407 


.510 


.376 


May 


104.89 


2.59 


106.47 M) 


2.38 w 


104.97 


2.14 


.407 


.505 


.376 



(1) Dominion of Canada 3% due Sept. 1, 1061-66. (2) United Kingdom 3% due Apr. 15. 1959-6°. 
not eligible for commercial banks before Dec. 1, 1952. (4) May 1-16. 



(3) U.S. Treasury 2>^% due Dec. 15, 1963-68 is 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1946-47 

Daily Opening Quotations 




* Security is not eligible for commercial banks before Dec. 1, 1952. (1) May 29. (2) May 16. 



39 



APRIL- MAY 1947 



IV 



Par Values in Millions of Canadian Dollars 



BOND ISSUES AND RETIREMENTS" 

* Bank of Canada 





I-Dominion Direct & Guaranteed 
and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 


New Issues 


Retirements 


Net New 




New Issues 


Retirements 


Issues or 
Retirements 










Issues or 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1942 


2,072.7 


534.4 


1,538.3 




13.8 


129.6 


133.0 


44.9 


34.6 


1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.1 


18.0 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.3 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


64.0 


23.3 


1946 


913.5 


866.1 


47.4 




57.8 


73.4 


68.7 


66.6 


4.1 


Quarters 




















1946— I 


9.7 


195.1 


185.3 




13.9 


13.6 


4.8 


17.4 


5.2 


II 


7.0 


213.9 


207.0 




16.0 


17.5 


13.5 


15.2 


4.8 


III 


6.4 


10.5 


4.1 




15.7 


29.8 


39.3 


21.1 


14.9 


IV 


890.4 


446.6 


443.8 




12.2 


12.5 


11.0 


12.8 


.9 


1947 — I 


73.5 


54.1 


19.4 




75.9 


35.1 


29.9 


14.8 


66.4 



i/ 





III-Corporations 




New 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Others 


Calendar Years 












1942 


7.9 


39.1 


41.8 


■ 80.2 


75.0 


1943 


22.7 


38.9 


38.9 


84.3 


61.7 


1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


77.2 


107.3 


109.9 


76.3 


1.7 


1946 


104.2 


459.7 


445.9 


121.4 


3.4 


Quarters 












1946— I 


17.9 


111.6 


28.9 


38.1 


62.6 


II 


45.5 


166.3 


205.7 


32.9 


26.9 


III 


25.1 


139.8 


112.6 


30.7 


21.7 


IV 


15.7 


41.9 


98.6 


19.7 


60.8 


1947— I 


42.6 


137.1 


38.0 


23.9 


117.7 



I+II+III 



Net New 

Issues or 

Retirements 



1,428.7 
2,377.9 
2,519.8 
3,478.9 
40.0 

117.5 
229.1 
2.7 
383.9 
203.5 



IV— Dominion Treasury Bills. 


Deposit Certificates and Short- 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


633 


1,708 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


— 


1 ,796 


- 


1,796 


45 


1,841 


295 


1,546 


266 


1,280 






:--•.: 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT' 



Par Values in 


Millions i 


DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
_ „ * AND CORPORATION BONDS 

>/ Canadian Dollars 










NEW ISSUES were payable i 


n: 


Retirements 


were payable in: 




Net Increase or 

Net Decrease 

In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 




In Canada 
only 


Abroad 


Calendar Years 




























1942 


2,231.9 


30.1 


.6 


.4 


2,263.1 


406.4 


12.6 


49.3 


97.6 


268.6 


834.4 


1,825.5 


396.9 


1943 


3,113.9 


143.3 


2 


.4 


3,257.8 


526.4 


260.6 


52.3 


21.8 


18.7 


879.9 


2,587.5 


209.5 


1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.1 


27.6 


63.5 


100.6 


23.6 


850.4 


2,634.8 


115.1 


1945 


3,871.7 


49.0 


77.9 


.4 


3,999.1 


278.2 


73.2 


52.0 


101.0 


15.8 


520.2 


3,593.5 


114.6 


1946 


1,432.7 


175.9 


- 


- 


1,608.6 


1 ,083.9 


303.3 


109.9 


60.7 


10.9 


1,568.7 


348.9 


308.9 


Quarters 




























1946— I 


107.5 


59.3 


- 


- 


166.8 


93.5 


131.1 


48.3 


5.7 


5.7 


284.3 


14.0 


131.5 


II 


194.9 


57.3 


- 


- 


252.2 


362.1 


79.5 


31.3 


6.8 


1.7 


481.3 


167.2 


61.9 


III 


157.6 


59.3 


- 


- 


216.9 


113.6 


83.2 


11.1 


3.4 


2.9 


214.2 


44.0 


41.3 


IV 


972.7 


- 


- 


- 


972.7 


514.7 


9.5 


19.2 


44.7 


.7 


588.8 


458.0 


74.1 


1947— I 


364.1 


— 


— 


— 


364.1 


101.4 


37.2 


4.7 


5.6 


11.7 


160.6 


262.7 


59.2 



* Issues payable in foreign currency are included at the par of exchange up to Sept. 15, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. (1) Subject to revision. Provincial Treasury Bills are excluded. Dominion Treasury Bills, Deposit Certificates and 
short-term notes sold directly to Bank of Canada and the chartered banks are not included in Heading I but are shown separately in Heading IV. Because of 
lack of sufficient data no tabulation in respect of municipalities and religious institutions was possible. However, ihe net reduction of total municipal bonded 
debt less sinking funds has been (in millions of dollars) approximately 61, 53, 27, 39 and 6, in the years 1942 to 1946, respectively. 






I» 



APRIL - MAY 1947 



40 



V— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations* 2 ' 


Index 
(j> 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals' 4 ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,268 


.. 


65.1 




1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1942 


4,841 


143 


3,110 


3,177 


32,506 


79 


3,386 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,467 


150.8 


120.4 


144.9 


1944 


2,923 


137 


3,024 


2,992 


35,054 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,881 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,828 


95 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


12-Months Ending 

Apr.-1947 


2,832* 


102* 


2,360 


4,288 


32,909 


191 


3,745 


228.5 


116.3 


150.5 


Monthly 

1945-Dec. 


243.9 


7.6 


219.3 


276.9 


2,498 


8.3 


272 


174.4 


113.4 


139.5 


1946-Jan. 


238.5' 


6.9 


244.6 


328.4 


2,550 


4.8 


287 


182.4 


110.2 


127.6 


Feb. 


228.9^ 


6.2 


233.9 


308.4 


2,358 


9.3 


263 


' 215.7 


109.5 


135.5 


Mar. 


247.9' 


7.8 


249.1 


334.1 


2,590 


15.7 


302 


258.7 


109.4 


137.3 


Apr. 


238.2 v/ 


9.2 


247.5 


337.9 


2,535 


26.9 


282 


207.4 


110.6 


139.1 


1946-Dec. 


227.5 • 


8.5 


237.3 


342.0 


2,877 


10.2 


295 


203.2 


121.6 


159.9 


1947- J an. 


233.8 • 


9.7 


249.8 


370.0 


3,063 


5.1 


302 


219.1 


118.5 


149.9 


Feb. 


222.1 • 


8.6 


229.2 


341.3 


2,785 


7.4 


270 


252.2 


118.3 


160.6 


Mar. 


263.2 


10.0 


269.7 


372.5 


3,062 


6.5 


306 


274.6 


118.1 


163.0 


Apr. 






252.2 


369.5 


2,969 


15.6 


311 


238.7 


118.3 


163.7 



(l) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Mar. 1947. 



First of month. (4) Average 



CANADA 

Dominion Bureau of Statistics 



VI— WHOLESALE PRICES 

Index 1926 = 100 
U.K. 

Board of Traded 



U.S.A. 

Bureau of Labor Statistics 



I I 





Farm 

Products 

* 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1943 


97.9 


99.1 


102.4 


93.1 


100.0 


1944 


107.1 


104.0 


101.4 


93.6 


102.5 


1945 


109.7 


105.6 


103.4 


94.0 


103.6 


1946 


111.9 


109.5 


107.5 


98.8 


108.7 


Monthly 

1946-Apr. 


110.7 


108.2 


106.8 


98.6 


108.4 


May 


111.5 


109.1 


106.6 


98.6 


109.0 


June 


112.7 


109. S 


108.1 


98.7 


109.3 


July 


113.8 


110.2 


109.8 


98.9 


109.7 


Aug. 


111.5 


108.6 


108.0 


99.6 


109.3 


Sept. 


110.9 


108.2 


107.5 


99.8 


109.2 


Oct. 


113.3 


112.3 


109.9 


101.4 


111.0 


Nov. 


113.8 


113.5 


110.3 


101.4 


111.6 


Dec. 


113.9 


113.6 


110.1 


101.7 


112.0 


1947-Jan. 


114.4 


115.2 


111.5 


103.7 


114.2 


Feb. 


115.5 


119.4 


111.6 


106.8 


118.1 


Mar. 


116.4 


123.8 


112.4 


107.7 


120.4 


Apr. 


116.9 


125.6 


115.1 


111.8 


122.9 



Foods 


Total 


100.0 


100.0 


93.9 


92.2 


71.8 


69.1 


83.6 


87.7 


130.8 


131.4 


129.1 


134.1 


129.2 


136.4 


129.3 


141.4 


129.7 


139.4 


129.8 


139.8 


129.7 


139.9 


131.6 


142.4 


130.1 


142.7 


129.4 


143.2 


128.6 


143.3 


128.2 


144.5 


127.9 


145.2 


128.1 


146.6 


129.3 


147.8 


129.6 


148.2 


133.7 


150.9 



Farm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


128.3 


116.9 


106.2 


101.8 


105.8 


148.6 


134.5 


130.4 


115.8 


120.9 


135.4 


122.2 


110.8 


105.5 


110.2 


137.5 


123.6 


111.5 


106.1 


111.0 


140.1 


126.3 


112.9 


107.3 


112.9 


157.0 


141.7 


140.2 


118.9 


124.7 


161.0 


145.7 


149.0 


123.9 


129.1 


154.3 


141.4 


131.9 


117.2 


124.0 


165.3 


148.7 


157.9 


129.6 


134.1 


169.8 


153.4 


165.4 


134.7 


139.7 


168.1 


153.2 


160.1 


135.7 


140.9 


165.8 


152.1 


156.2 


136.7 


141.5 


170.4 


154.9 


162.0 


139.7 


144.5 


182.6 


163.2 


167.6 


143.3 


149.5 


177.0 


160.1 


162.4 


141.9 


147.7 






* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series is 
not directly comparable with the U.S.A. "Farm Products Index". (1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930=100 
in 1930 and thereafter. 



41 



APRIL - MAY 1947 



Millions of Dollars 



VII— FEDERAL GOVERNMENT : CASH REQUIREMENTS 

Dept. of Finance and Bank of Canada 



Fiscal Year Ending March 31, 



1941 



1942 1943 1944 



1945 



1946 



1947 



1948 



War Demobilization and Veterans Expenditure 

Dept. of National Defence — Army 

" " " — Navy 

" ' —Air 

" " " " —Research 

Investment in Plant and Equipment 

Acquisition of U. K. Assets 

Production Allotment Funds 

Liquidation and Termination of Contracts 

Dept. of Agriculture 

Wartime Prices and Trade Board a 

War Service Gratuities and Reestablishment Credits 

Soldiers' Pensions and After-care 

Other Dept. of Veterans Affairs 

War Appropriation (U. K. Financing) Act, 1942 

War Appropriation (U.N. Mutual Aid) Acts 

Write-off of Air Training Advances (U.K. Fin. Agt. 1946) 

UNRRA and Military Relief 

Other War and Demobilization Expenditure b 

War and Reconstruction Advances or Investments 

Railways and Merchant Marine 

War Supplies Limited 

Other Government Corporations 

Allied Governments — Air Training 

— Other War Purposes 

1942 Loan to U. K. Government 

Export Credits Insurance Act 

U. K. Financial Agreement Act, 1946 

Redemption in Advance of Maturity of: — 

Dominion Bonds Payable in Sterling 

C.N.R. Bonds Payable in Sterling 

Total — War, Demobilization, Veterans & 

Reconstruction 

Other Expenditure 

Net Interest on Public Debt c 

Cost of Loan Flotations & Amortization of Discount 

Statutory Subsidies and Special Grants to Provinces 

Payts. to Provs. under Tax Agreements (incl. Gas Tax Gtee.) 
Old Age Pensions Subventions to Provinces 6 

Unemployment Insurance — Administration 

— Govt. Contribution 

Family Allowance Payments 

Public Works 

Premium, Discount & Exchange 

Other Ord. Exp. (ex. Nat. Def., P.O. & Veterans Affairs) 

Special Agricultural Expenditure and Unemployment Relief. . 

C.N.R. Deficit 

Other Government-Owned Enterprises 

Capital Expenditure (Net) 

Total — Other Expenditure 

Other Loans and Investments 

C.N.R. to Meet Maturing Bonds e 

C.N.R., for Other Purposes (ex. Repatriation) 

Soldiers Settlement & Veterans' Land Act 

Housing, including Central Mortgage and Housing Corp 

Intl. Monetary Fund & Int. Bank (Cash Portion)' 

Other Loans and Investments 

Unamortized Debt Discount and Commission 

Other Current Assets (ex. Cash) 

Total — Loans and Investments 

Total Cash Requirements 



383.4 

88.2 

176.3 



71.7 



4.5 



54.9 
4.1 



24.8 



16.5 

9.9 

34.0 
6.4 



75.9 
93.6 



1,044.2 



121.3 

6.3 

19.3 

29.9 



11.5 

1.0 

89.9 

50.0 

17.0 

1.2 

3.3 



350.7 



1.9 
9.6 
2.1 
3.8 



2.1 
2.5 
1.3 



19.1 



511.5 
129.4 
370.6 



112.1 

132.0 

27.4 
4:7 



53.2 
6.4 



38.6 



15.7 
36.5 
24.7 

72.2 
7.4 



149.8 
203.3 



1,822.5 



129.2 
16.4 
14.4 
21.1 
29.6 

2.3 
7.3 

11.9 

1.4 

90.9 

64.0 

1.2 

2.4 



392.1 



1,038.2 
210.2 
617.2 



208.5 
200.0 
245.0 

20.0 
80.0 



52.4 
15.0 

1,000.0 



91.2 



2.9 

119.6 

48.8 

56.4 

21.7 

700.0 



2.7 
61.1 



4,747.5 



147.4 
13.8 
14.5 
94.2 
30.0 

4.7 
11.5 

12.0 

93.7 

24.6 

1.3 
3.2 



450.9 



88.8 

19.6 

1.7 

.2 



6.8 

19.4 

.1 



80.4 



1,328.9 
369.5 
930.7 



216.6 

5.0 

408.5 

64,3 

115.7 



53.1 
19.0 



912.6 
217.3 



18.3 

11.9 

116.3 

205.4 

66.5 

42.4 



A 
2.1 



4,995.9 



194.4 
19.3 
14.4 
95.4 
30.4 

5.2 
12.3 

12.3 

95.8 

34.5 

1.3 
2.5 



517.8 



18.7 

43.0 

2.1 

.5 



5.0 
6.7 
6.3 



18.9 



1,261.8 

417.1 

1,259.5 



168.9 

2.0 

206./ 

88.1 
152.8 

20.2 
59.2 
34.4 



792.2 

61.3 
182.0 



16.8 
71.2 
19.8 
81.6 
5.5 

55.1 



A 
1.0 



4,252.6 



258.3 
20.7 
14.4 
93.3 
32.2 

5.1 
12.7 

13.2 
16.3 

104.7 

7.0 

1.4 
2.4 



581.7 



92.2 

26.4 

3.9 

1.2 



11.4 
5.1 
1.4 



86.4 



949.7 
241.8 
524.3 



63.0 

381 .9< 

151.8 

83.0 

127.3 

239.6 
68.6 
93.1 



766.9 
425.0 
177.3 
164.7 



6.6 

23.4 

25.8 

449.5 

116.0 

63.9 
67.4 



3,322.2 



338.2 
22.3 
14.4 
98.0 
33.7 

6.2 
12.5 

172.6 
16.3 
20.6* 

125.4 

17.3 

1.3 

4.1 



882.9 



05.5 
28.8 
18.7 
10.3 



5.5 

5.8 
2.7 



68.7 



1,414.0 



5,278.8 



5,494.8 



4,920.7 



4,273.8 



(Pre- 

iminary) 

216.4 

59.0 

96.3 

5.0 



47.0 

69.5 

73.4 

139.3 

319.5 

85.6 

204.9 



1.5 



160.0 h 



43.7 
23 A 

54.4 

163.3 

95.8 
267 A 
640.0 

.4 
.2 



1,957.6 



392.3 
12.0 
14.4 
88.4 
36.0 

7.9 

15.2 

245.2 

27.2 

8.8 

157.1 

30.1 
9.0 

1.7 
13.1 



1,058.4 



23.5 

.5 

54.6 



113.0 

1.0 

10.5 

9.6 



188.7 



(Budget 
Estim- 
ates) 

I 226.9 
13.0 



7.5 
30.1 
59.4 

80.0 

91.4 

192.1 



97.0 



797.4 



387.8 
9.8 

14.4 
120.1 

37.8 

19.2 

12.5 

260.0 

46.3 

196.0 
13.7 

1.4 
9.6 



1,128.6 



3,204.7 



1,966.0* 



APRIL - MAY 1947 



42 



VII— FEDERAL GOVERNMENT : SOURCES OF FINANCING 

Dept. of Finance and Bank of Canada 



Millions of Dollars 



Fiscal Years Ending March 31, — 



1941 



1942 1943 1944 1945 



1946 1947 



1948 



Revenue 

Income Tax on Individuals (ex. Refundable Portion) 

Income Tax on Corporations 

Excess Profits Tax (ex. Refundable Portion) 

Withholding Tax on Dividends, Interest, etc 

Succession Duties 

Excise on Liquor 

Excise on Tobacco 

Sundry Excise and Other Taxes 

Customs Import Duties 

War Exchange Tax 

Sales Tax 

Post Office Department (Net) d 

Other Ordinary Revenue 

Sub-Total 

Net Revenue from Operation of Crown Companies 

Sale of Surplus War Assets 

Refunds from War Contractors 

Other Refunds of Previous Years' War Expenditure 

Other Special Revenue 

Total Revenue 

Borrowing 

Refundable Portion of Personal Income Tax (Net) 

" Excess Profits Tax (Net) 

War Savings Certificates and Stamps (Net) 

Other Funded Debt Payable in Canada Only (Net) 

Deposit Certificates (Net) 

Treasury Bills (Net) 

Funded Debt Payable in New York (Net) 

Government Annuities 

Insurance and Superannuation Funds 

Interest Due & Outstanding and Outstanding Cheques 

UNRRA — Free Funds and Special Funds 

Reserve for Contingent Liabilities, re Crown Companies. . . . 
Other Liabilities 

Total Borrowing 

Total Revenue -+- Borrowing 

Increase or Decrease in Cash Balances, Securities Investment 
Account and Advances to For. Exch. Cent. Bd 

Total Cash Requirements (as per opposite page) . . 



103.6 

131.6 

24.0 

13.0 



33.8 
58.4 
41.4 

130.8 

61.9 

179.7 

1.7 
17.2 



797.1 



3.0 



800.1 



58.0 
690.9 

75.0 

.4 

15.6 
5.2 
8.5 

19.6 



1,672.5 



872.4 



158.5 



1,414.0 



296.1 

185.8 

135.2 

28.3 

7.0 

47.5 

68.3 

113.3 

142.4 

100.9 

236.2 

4.5 

19.2 



1,384.7 



16.9 



1,401.6 



84.8 
1,546.4 

40.0 

10.0 

16.9 
11.2 
27.1 

23.7 
1,740.1 



3,141.7 



2,252.6 



484.1 

348.0 

434.6 

28.1 

13.3 

66.1 
106.0 
140.1 

119.0 
94.6 

232.9 

4.2 

25.7 



2,096.7 



9.5 
9.7 



2,115.9 



50.0 
20.0 
59.0 
1,155.1 
820.0 
30.0 

4.1 

17.4 

7.0 

43.5 



19.3 



2,217.2 



4,333.1 



945.7 



5,278.8 



698.4 

311.4 

428.7 

26.9 

15.0 

65.9 
138.8 
159.9 

167.9 

118.9 

304.9 

12.6 

23.9 



2,473.2 

37.5 
6.2 

97.7 
12.6 



2,627.2 



115.0 
40.0 
48.4 
2,833.1 
30.0 
60.0 

115.3 

23.3 

7.3 
18.0 

12.6 
83.8 

3,060.2 



5,687.4 



192.6 



5,494.8 



672.8 

276.4 

341.3 

28.6 

17.2 

72.3 
150.4 
172.9 

115.1 
98.2 

209.4 
11.5 
18.7 



2,184.8 

31.4 

8.4 

9.1 

90.6 

17.8 



2,342.1 



95.0 

124.3 

31.0 

2,567.1 

210.0 

20.0 

1.0 

30.0 

6.8 

61.9 

31.0 
66.1 



3,242.2 



5,584.3 



663.6 



4,920.7 



686.6 

217.8 

426.7 

28.3 

21.4 

92.0 
171.7 
175.5 

128.9 
41.2 

212.2 
10.9 
21.3 



2,234.5 

70.6 
42.6 
36.6 
77.8 
17.5 



2,479.6 



4.0 

67.5 

3.8 

3,090.2 

260.0 

70.0 

147.9 

44.0 
6.8 

12.4 

83.5 
2.0 

54.2 



2,918.1 



5,397.7 



1.123.9 



4,273.8 



(Pre- 
liminary) 

695.0 

239.0 

441.5 

30.1 

23.6 

99.0 
182.7 
204.5 

237.4 

.3 

298.2 

9.0 

17.1 



2,477.4 

30.0 
182.4 
50.0 
38.0 
21.5 



2,799.3 



4.8 

20.7 

220.6 

460.0 



37.9 

56.8 

6.4 

11.6 

17.2 
84.3' 



343.1 



2,456.2 



748.5 



3,204.7 



(Budget 
Estim- 
ates) 

515.0 

300.0 

160.0 

30.0 

26.0 



454.0 

230.0 

325.0 

9.0 

17.0 



2,066.0 



• 90.0 



2,156.0 



1,966.0* 



(a) Includes subsidies, advances for payment of drawback claims to millers 
and other manufacturers of wheat products and advances to the Canadian 
Wheat Board to cover deficits in certain Board operations. 

(b) "Old Age Pensions Subventions to Provinces" excludes 3.1, 8.8. 9.1, 9.5 
and 10.5 of supplementary pensions in 1943/4 to 1947/8 respectively, 
chargeable to the War Appropriation and included in "Other War and 
Demobilization Expenditure." 

(c) Return on Investments has been deducted from Gross Interest on Public 
Debt and excluded from "Other Ordinary Revenue". For the fiscal years 
1940/1 to 1947/8 it amounted to: 17.9, 25.8, 41.2, 48.3, 60.7, 70.9, 68.8 
and 66 8. 

di Post Ottice expenditure has been netted against Post Office revenue. 
(c) Excludes equipment trust certificates whose retirement is provided for out 

of operating expense. 
u) As the cash portion only of Canada's subscription to the two international 

organizations is shown under "Loans and Investments", 235.7 of non- 



interest bearing notes payable on demand to the International Monetary 

Fund and the International Bank for Reconstruction and Development 

have been excluded from "Other Liabilities", 
(g) Includes amortization of capital expenditure re War Supplies Limited 

orders of 55.9. 
(h) Includes write-offs of 19.6 in connection with losses re crown companies 
(i) Includes premiums of 5.8 in 1945/6 and .3 in 1946/7 paid on redemption 

of called bonds. 

ic The Minister of Finance did not make any estimate of net cash require- 
ments for loans and investments. In the Budget Speech it was stated 
that "other additions to the expenditures contemplated by the main esti- 
mates cannot now be foreseen but a number are already in prospect as, 
for instance, the increases in the old age pensions" and a blanket amount 
of $40 million was allowed for such items. This amount is not included 
in the detailed estimates shown in the table but is included in Total Cash 
Requirements. 



43 



APRIL - MAY 1947 



~r 



INCOME TAX RATES AS A PERCENTAGE OF INCOMEt 

SINGLE PERSON 







500 750 1P00 



2000 4.000 6,000 10.000 

INCOME IN DOLLARS RATIO SCALE 



15,000 20,000 30,000 



MARRIED PERSON WITH 2 CHILDREN 







500 



750 



1000 



4.000 
IN DOLLARS i 



6.000 
RATIO SCALE 



10.000 



15.000 20,000 



30.000 



2xxx> y 

iNC^faE 

• 

t In 19.58 provincial income tax (Ontario) is included; no provincial income tax has been levied 9ince 1940. Assumes all earned income. 

■frThe 1948 tax is shown after deduction of family allowances (at the average rate of $144 per year for 2 children) which have replaced 
part of the former tax exemption or tax allowance for children. At incomes below $2,570 the family allowance exceeds the gross tax 
payable, leaving the taxpayer with a net credit, which reaches $144 at $1,700 income and remains at that figure for incomes below $1,700. 



APRIL - MAY 1947 



44 



40% 



INCOME TAX RATES AS A PERCENTAGE OF INCOMEt 

MARRIED PERSON WITHOUT CHILDREN 




500 750 1.000 

t In 1938 provincial income tax (Ontario) is included; no provincial income tax has been levied since 1940. Assumes all earned income. 



2.000 4.000 6,000 10.000 15.000 20.000 30000 

INCOME IN DOLLARS : RATIO SCALE 



CANADA, U.K., & U.S.A. : MARRIED PERSON WITHOUT CHILDREN 




750 1.000 



2PO0 4,000 

INCOME IN DOLLARS 



6.000 
RATIO SCALE 



10,000 



15.000 20,000 



30,000 



* U.S. federal tax only with no allowance for state taxes. Rates are as specified by H.R.I, 80th Congress, 1st session. In calculating the 
U.S. tax liability, account was taken of the 10% deduction from gross income, up to a maximum of $500, which is allowed for medical 
expenses, etc. No allowance was made for possible deductions of this type in calculating the Canadian tax. 



45 



APRIL - MAY 1947 



VII— PUBLIC FINANCE : FEDERAL GOVERNMENT 

DISTRIBUTION OF TOTAL TAX COLLECTIONS 



MILLIONS OF DOLLARS 

2500 



2000 



MILLIONS OF DOLLARS 

2500 



1500 




I 






PERCENTAGE DISTRIBUTION OF TOTAL TAX COLLECTIONS 



PERCENT 



1939/40 1940/1 1941/2 1942/3 

* Excluding the refundable portion. t Budget Estimates. 



PERCENT 




- 



APRIL - MAY 1947 



46 



VIII— PROFIT STATISTICS FOR 380 COMPANIES" 

Millions of Dollars 
SUMMARY STATEMENT 



1936-46 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


Net Operating Profit (Before Depreciation)'" 


309 


377 


321 


378 


482 


597 


665 


636 


576 


557 


604 


Depreciation 


86 


9/ 


88 


93 


111 


136 


158 


155 


132 


123 


123 


Investment and Other Non-Operating Income (Net) 


43 


46 


44 


40 


35 


38 


32 


32 


35 


36 


37 


Bond Interest (incl. Exch. & Amortization of Disc.) . . 


42 


41 


39 


39 


41 


40 


39 


38 


37 


36 


34 


Net Profit before Income & E.P. Tax Provision' . . 


224 


291 


238 


286 


365 


459 


500 


475 


442 


434 


484 


Income & E.P. Tax Provision {ex. Refundable Portion) 


40 


50 


42 


56 


136 


211 


248 


238 


217 


210 


215 


Net Income to Stockholders <1)0) 


184 


241 


196 


230 


229 


248 


252 


237 


225 


224 


269 


Forced Saving {Refundable Portion of E.P. Tax) . . . 














14 


25 


20 


21 


2 


Net Income Available for Dividends 


184 


241 


196 


230 


229 


248 


238 


212 


205 


203 


267 






Net Income Paid out in Cash Dividends 


151 


185 


193 


185 


189 


184 


177 


173 


168 


166 


207 


Undistributed Income (ex. Forced Saving)'" 


33 


56 


3 


45 


40 


64 


61 


39 


37 


37 


60 



NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 



Number 
of Com- 
panies 



Grain Mill Products. 

Food 

Drink 

Tobacco 



Leather 

Rubber 

Primary Textiles. 
Misc. Textiles. . . 
Clothing 



Wood Products (incl. Logging) . 

Pulp and Paper 

Paper Products 

Printing and Publishing 



Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-Ferrous Metals 

Non-Metallic Minerals (ex. Fuels) 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 



Trade and Service 

Electric Utilities 

Telephones 

Transportation and Storage. 
Grain Elevators 



Total of 380 Compaiiiej 



7 
27 
10 

2 

8 
6 

17 
9 

14 

10 
18 
12 

4 

31 
30 
19 

19 

15 

14 

6 

7 

14 

7 

33 

76 

4 

11 

10 

380 



1.3 

5.8 
4.7 
6.1 

.3 
1.7 
3.0 
1.9 

.5 

.7 
.5 
.9 
.8 

5.0 
5.6 
3.9 

20.7 

59.5 

1.9 

2.4 

29.9 

7.1 

.5 

3.1 
9.7 
6.5 

.6 

184.6 



1937 



1.4 

6.0 
5.4 
6.5 

.4 
1.5 
2.9 
1.9 

.7 

.9 
4.7 
1.4 
1.1 

8.8 

10.6 

7.0 

22.8 

84.9 

4.1 

2.3 

32.8 

8.9 

.7 

4.4 
11.8 



241.3 



1938 



.2 
5.1 

4.7 
6.5 

.2 
2.2 
1.9 
1.3 

.2 

.6 

.5 

1.2 

.9 

6.9 
9.9 
5.8 

25.5 

56.6 

4.5 

2.5 

30.3 

7.4 

.5 

4.2 
11.1 

7.5 
.9 

1.4 

196.3 



1939 



2.1 

9.2 
5.6 
6.5 

.5 
2.3 
4.4 
2.1 

.9 

1.4 
3.9 
1.3 

1.1 

10.3 
7.6 
5.8 

25.7 

68.5 

4.9 

2.7 

26.7 

10.5 

.9 

5.0 
11.1 

7.6 

1.1 

.6 



230.3 



1940 



2.2 
6.3 

4.7 
6.2 

.4 
2.2 
3.6 
1.9 

.8 

1.0 

11.6 

1.2 

.9 

9.8 

10.6 

6.3 

25.5 

67.6 

4.4 

2.4 

22.5 

9.4 

.9 

4.5 
11.7 
7.7 
1.6 
1.5 

229.4 



2.0 
6.6 
6.1 
6.0 

.3 
3.1 
4.9 
2.6 

.9 

1.0 

12.0 

1.5 

.8 

10.8 

14.2 

7.1 

24.5 
73.9 

4.9 

2.5 

20.9 

9.6 

.9 

5.4 
12.2 
9.2 
2.7 
1.8 

248.4 



1942 

(3) 



1.9 

7.4 
7.0 
6.1 

.6 
4.8 
5.0 
2.7 
1.2 

1.2 

9.7 

1.6 

.8 

12.2 

17.8 

9.1 

19.8 
72.7 
5.5 
2.6 
19.6 
8.5 
1.1 

6.1 
14.0 
9.3 
2.4 
1.6 

252.3 



1943 
(3) 



2.6 

7.4 
6.3 
6.0 

.5 
4.0 
4.2 
2.4 
1.0 

1.2 

8.8 

1.5 

.9 

13.0 

15.5 

8.0 

16.3 

67.9 

4.0 

2.3 

21.5 

7.7 

.9 

6.5 
14.1 
8.7 
1.8 
2.4 

237.4 



1944 

(3) 



2.8 
7.3 
7.8 
6.1 

.8 
3.5 
4.2 
2.3 
1.2 

.9 

10.7 

1.5 

.9 

11.8 

14.5 

8.8 

11.9 
58.3 
3.7 
2.2 
21.0 
8.3 
1.1 

7.5 
13.5 
8.9 
1.8 
2.2 



225.5 



1945 

(3) 



2.6 
6.5 
9.7 
6.3 

.6 
3.9 
4.6 
2.3 
1.2 

1.3 

11.9 

1.5 

1.0 

10.3 
12.9 

7.2 

9.5 
56.9 
4.7 
2.3 
22.3 
8.5 
1.1 

8.2 

13.7 

9.6 

1.9 

1.7 

224.2 



* Compiled by Bansc of Canada. Includes those companies covered in the 
tabulations on pag.s 81 and 82 of the Oct.-Nov.. 1946 issae of the Statist- 
ical Summary for which 1946 statements had become available in time 
for publication. 
(I) For purposes of comparability any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves Special inventory reserves (amount- 
ing to .3, .3, .1, 1.0, i.i. 7.9, 4.2, 2.2, 3.8, -1.4, 2.4, in the years 1936-1946 



respectively), whether shown by the company in operating expenses or 
as an adjustment to earned surplus, have been deducted in arriving at 
Net Operating Profit. 

(2) Includes deferred development and depletion provision amounting to 
6.2, 8.5. 8.4, 8.3, 9.4, 9.2, 8.9, 7.8, 8.1, 7.3, 6.8, in the years 1936-1946 
respectively. 

(3) Including the refundable portion of the Excess Profits Tax. 



47 



Millions of Dollars 



PROFIT STATISTICS : SUMMARY STATEMENT 



APRIL - MAY 1947 
IX— FINANCIAL STATISTICS OR ' 

Bank o»* 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net) <7) 

Investment in Other Companies (Net)® 

Goodwill, Franchises, etc 

Miscellaneous Assets® 

Miscellaneous Liabilities* 10 ' 

Total 

Capital and Surplus 

Funded Debt"" 

Loans from Parent and Other Companies (Net) . . . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 12 ' 

Total 



821 

2,393 

301 

141 

91 

51 



3,696 



3,696 



215 
191 
245 
546 

1,197 

152 

85 

71 

31 

858 

2,406 
311 
135 

87 

47 

3,750 



954 

43 

516 

1,458 

779 

3,750 



233 

179 
232 
526 

1,170 

129 

74 

63 

30 

874 

2,392 

297 

126 

78 

47 

3,720 



939 

38 

509 

1,456 

778 

3,720 



256 
171 
283 
577 

1,287 

159 

85 

84 

34 

925 

2,367 

314 

122 

83 

52 

3,759 



935 

33 

504 

1,462 

825 

3,759 



1,002 

2,349 

308 

119 

79 

65 

3,792 



899 

38 

486 

1,490 

879 

3,792 



1,090 

2,339 

303 

116 

79 

76 

3,851 



3,851 



332 
351 

444 
854 



1,981 

320 

145 

243 

32 

1,241 

20 

2,282 

293 

115 

76 

88 



3,939 



3,939 



346 
477 
411 
906 



2,140 

325 

168 

230 

28 



1,389 

53 

2,179 

290 

114 

73 

94 



4,004 



828 
44 

473 
1,483 
1,176 

4,004 



389 
536 
388 
864 



2,177 

331 

136 

209 

31 



1,470 

80 

2,116 

290 

114 

72 

81 



4,061 



807 
28 

470 
1,492 
1,264 

4,061 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)® 

Depreciation (2) 


379 

106 
47 
49 

271 
48 


455 

113 

50 

47 


393 

110 

48 

45 


473 

117 

44 

45 


598 

140 

40 

46 


740 
170 

42 
44 


805 

191 

36 

43 


765 

185 

38 

42 

576 
295 


699 
157 

40 
41 


684 
147 


Investment and Other Non-Operating Income (Net) . . 
Bond I nterest (incl.Exchange&Amortization of Discou n t ) 


42 
39 


Net Profit before Income & E. P. Tax Provision* 1 ' .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 


345 
60 


286 
51 


355 
72 

283 

220 


452 
174 


568 
268 


607 
306 


541 
271 

270 

28 
192 


540 
267 


Net Income to Stockholders' 1 ' 


223 

182 


285 

216 


235 

229 


278 

221 
57 


300 

221 


301 

20 
205 


281 

34 
194 


273 


Forced Saving(Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


27 
190 






Undistributed Income (ex. Forced Saving)' 1 ' 


41 


69 


6 


63 


79 


76 


53 


50 


56 







SOURCE AND USE 


OF FUNDS® 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT). . 
Cash Dividends 


223 
182 


285 
216 


235 
229 


283 
220 


278 
221 


300 
221 


301 
205 


281 
194 


270 
192 


273 
190 






Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges® 


41 

106 

4 


69 

113 

2 


6 

110 

2 


63 

117 

3 


57 

140 

1 


79 

170 

4 


96 

191 

3 


87 

185 

2 


78 

157 

2 


83 

147 


Other Non-cash Charges Against Current Income® . . 


2 


Total Funds From Current Income 

Issue of Common Stock 


151 
10 


184 
15 


118 
14 


183 
9 


198 
9 


253 
6 


290 
4 


274 
1 


237 
8 


232 
20 






Total Net Sources of Funds 


161 


199 


132 


192 


207 


259 


294 


273 


245 


252 


Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 


89 
37 

7 

13 

2 

11 


135 

56 
6 

16 
2 
4 


100 
20 
18 

16 

1 

15 


98 
51 
23 

16 
5 
8 


121 

121 

5 

22 

2 

13 


155 
138 

25 

2 
15 


126 

18 

7 

20 

26 

15 


77 
52 

3 
34 
14 

5 


98 
43 

4 
28 
22 

2 
19 


150 
19 


Investment in Other Companies 


3 


Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 


26 

7 


Redemption of Preferred Stock 


10 


Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 


40 


Sub-Total 


159 

2 


219 
20 


94 
38 


191 
1 


248 
41 


305 
46 


168 
126 


179 
94 


130 
115 


203 


Increase in Working Capital ex. Inventories 


49 






Total Net Uses of Funds 


161 


199 


132 


192 


207 


259 


294 


273 


245 


252 



375 
578 
366 
844 

2,163 

328 

89 

198 

34 

1,514 

100 

2,133 

294 

113 

92 

63 

4,183 



821 
33 

456 
1,512 
1,361 

4,183 



Note: For footnotes see facing page. 



APRIL - MAY 1947 



48 



? * 709 COMPANIES*: 1936-45 

ida 

NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Millions of Dollars 



Grain Mill Products. 

Food 

Drink 

Tobacco 



Leather 

Rubber 

Primary Textiles . 
Clothing 



Wood Products, (incl. Logging) 

Pulp and Paper 

Paper Products 

Printing and Publishing 



Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment. 

Gold Mining 

Other Non-ferrous Metals 

Non-metallic Minerals (ex. Fuels) . . 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 



Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Communications 

Transportation and Storage 

Grain Elevators 



Number 
of 
Com- 
panies 



Total of 709 Companies . 



7 
52 
15 

3 

14 

7 

37 

32 

21 
25 
26 
14 

55 
60 
27 

39 
18 
23 
16 
11 
29 
13 

67 
34 
23 
6 
20 
15 



709 



1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 














(13) 


(13) 


(13) 


1.3 


1.4 


2 


2.1 


2.2 


2.0 


1.9 


2.6 


2.8 


8.8 


8.5 


8.5 


14.5 


10.5 


11.3 


12.6 


12.5 


13.0 


6.5 


7.2 


5.8 


6.8 


5.4 


6.9 


8.2 


7.6 


9.4 


6.7 


7.0 


7.0 


7.2 


6.7 


6.4 


6.6 


6.6 


6.6 


.6 


.7 


.4 


.9 


.8 


.6 


1.0 


.9 


1.2 


1.7 


1.6 


2.3 


2.4 


2.3 


3.2 


4.9 


4.1 


3.6 


7.1 


6.8 


4.7 


9.9 


8.9 


10.2 


11.0 


9.0 


10.4 


1.0 


1.1 


- 


1.7 


1.5 


1.9 


2.4 


2.3 


2.6 


1.1 


1.4 


.8 


1.7 


1.4 


1.6 


1.7 


1.6 


1.2 


1.3 


6.7 


.3 


7.7 


15.4 


16.7 


13.0 


12.2 


14.4 


1.5 


2.2 


1.8 


2.0 


1.9 


2.4 


2.5 


2.3 


2.4 


1.1 


1.4 


1.1 


1.4 


1.2 


1.2 


1.1 


1.2 


1.3 


6.1 


11.2 


8.2 


13.0 


12.4 


14.1 


15.4 


15.1 


13.8 


5.9 


12.6 


11.0 


8.8 


13.2 


18.5 


22.4 


20.0 


19.1 


4.2 


7.3 


6.1 


6.1 


6.7 


7.6 


8.9 


8.3 


9.2 


38.5 


40.4 


43.4 


43.3 


40.7 


36.7 


29.1 


22.4 


16.4 


59.5 


85.0 


56.6 


68.6 


67.4 


74.1 


73.0 


68.1 


58.5 


1.8 


4.3 


4.6 


5.1 


4.8 


5.2 


5.6 


4.3 


3.7 


3.8 


4.0 


3.9 


4.6 


4.2 


3.8 


3.6 


3.4 


3.5 


30.2 


33.1 


30.8 


27.3 


23.0 


21.5 


20.0 


22.0 


21.7 


8.3 


9.9 


9.0 


12.2 


11.0 


11.4 


10.3 


9.1 


9.9 


.9 


1.0 


.7 


1.3 


1.3 


1.3 


1.5 


1.4 


1.5 


3.2 


3.9 


3.0 


4.8 


4.5 


• 4.8 


5.3 


5.7 


5.0 


3.3 


4.9 


4.8 


5.7 


5.6 


6.8 


7.4 


7.9 


9.2 


11.1 


13.3 


12.8 


13.1 


13.4 


14.3 


16.1 


16.3 


15.4 


6.9 


7.7 


8.0 


8.1 


8.2 


9.8 


9.9 


9.3 


9.5 


.1 


.8 


1.2 


1.4 


2.2 


4.0 


3.4 


2.6 


2.6 


.7 


.5 


1.5 


.8 


1.6 


2.0 


1.8 


2.6 


2.5 


223.2 


284.9 


235.1 


282.5 


278.4 


300.3 


300.6 


281.4 


270.4 



1945 

(13) 

2.6 
12.2 
12.3 

6.8 

1.2 
3.9 
9.5 
2.8 

1.9 

15.8 

2.4 

1.5 

12.6 

17.6 

7.5 

14.3 

57.1 

5.0 

3.9 

23.0 

10.5 

1.6 

6.2 

10.3 

15.6 

10.2 

2.8 

2.0 

273.1 



" These statistics are for the same companies as were covered in the tables 
nn pages 81 and 82 of the Oct.-Nov., 1946 Statistical Summary. 

(1) For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, whether 
shown by the company in operating expenses or as an adjustment to earned 
surplus, have been deducted in arriving at Net Operating Profit. For the 
Total 709 Companies the special inventory reserves amounted to .5, .5, 
.3, 1.7, 5.4, 10.7, 6.2, 3.5, 4.3 and -1.8 in the years 1936-45 respectively. 

(2) Includes deferred development and depletion provision where charged by 
the company. For the Total 709 Companies these amounted to 7.8, 10.6, 
10.2, 9.6, 10.3, 10.3, 9.9, 8.4, 8.6 and 8.4 in the years 1936-45 respectively. 

O) The Source and Use of Funds Statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations or 
purely bookkeeping transactions which affect items of the Balance Sheet, 
particularly Plant, Property and Equipment, Preferred and Common 
Stock Outstanding and, in a few instances, Funded Debt, are not reflected 
in the Source and Use of Funds Statement. 

*.!) Includes amortization of bond discount. 



(5) After adjustments relating to tax accruals and other transactions of 
previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed invest- 
ment in subsidiaries less current and non-current accounts payable to 
subsidiaries. 

(9) Includes bond discount and other deferred charges, deferred development, 
etc. 

(10) Includes pension fund reserves, insurance reserves and advance payments 
on government contracts. 

(11) Bonds and mortgages outstanding less sinking fund. 

(12) Includes contingent and general reserves, capital surplus and the refund- 
able portion of the Excess Profits Tax. 

(13) Includes the refundable Portion of the Excess Profits Tax, amounting 
to 19.9, 33.7, 28.3, and 27.2 in the years 1942-45 respectively. 



49 



Millions of Dollars 



Group 1 



APRIL - MAY 1947 

IX— FINANCIAL STATISTICS FOR 709 COMF1 
Assets over $10 million : 36 Companies Bank*- 



Fiscal Year Nearest to Calendar Year 



1936 1937 1938 1939 1940 1941 1942 I 1943 1944 1945 



PROFIT STATISTICS : SUMMARY STATEMENT 



SOURCE AND USE OF FUNDS"' 



Net Operating Profit (Before Depreciation) ' 


202 
54 
37 
31 

154 
27 

127 

110 
17 


246 
57 

40 
30 


203 
55 
38 

30 


232 
57 
32 
30 


298 
08 
26 
31 


353 

82 
29 
31 


384 
92 
22 
30 

284 
133 


369 
95 
23 
30 

267 
124 

143 

9 
115 


333 
83 

24 
29 

245 
111 

134 

8 
108 

18 


324 
80 
26 
28 


Investment and Other Non-Operating Income (Net). . 
Bond Interest (incl. Exchange&Amortizationof Discount) 


Net Profit before Income & E. P. Tax Provision* 1 ' .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 


199 
34 


156 

27 


177 
35 


225 
80 


269 
119 


242 
107 


Net Income to Stockholders'" 


165 

138 


129 

133 


142 

125 


145 

122 


150 

117 


151 

115 


135 


Forced Saving( Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


8 
109 




Undistributed Income (ex. Forced Saving)"' 


27 


4 


17 


23 


33 


29 


19 


18 



Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT). 
Cash Dividends, 



Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges' 2 ' 

Other Non-cash Charges against Current Income' 4 ' 

Total Funds From Current Income. . . 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories. 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 

Sub-Total 

Increase in Working Capital ex. Inventories 

Total NetUses of Funds 



127 

110 



17 

54 

3 



74 
3 



77 



43 

15 

5 

9 
5 
3 



70 

7 



77 



165 
138 



27 

57 

2 



86 
8 



94 



69 

35 

4 

11 
1 

6 



124 
30 



94 



129 


142 


133 


125 


4 


17 


55 


57 


1 


3 


52 


77 


5 


2 



57 



55 

1 

15 

6 

11 



58 

1 



57 



79 



48 

8 
23 



87 



79 



145 


150 


122 


117 


23 


33 


68 


82 


2 


2 


93 


117 


7 


2 



100 



59 

44 

4 

11 

1 



109 
9 



100 



119 



70 

49 

6 

14 

10 



117 
2 

119 



151 
115 



36 


28 


92 


95 


2 


1 


130 


124 


1 


1 



131 



68 
3 
6 

7 
11 

5 



72 
59 

131 



143 
115 



125 



40 
8 
4 
9 
1 
1 



53 
72 



125 



YEAR-END BALANCE SHEET 



134 


135 


108 


109 


26 


26 


83 


80 


2 


2 


111 


108 


- 


1 



111 



48 
1 

8 
15 



67 

44 



111 



Net Working Capital and Other Assets 

Cash 

Marketable Securities. 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax. 
Plant, Property and Equipment (Net)"' . 
Investment in Other Companies (Net)' 8 ' . 

Goodwill, Franchises, etc 

Miscellaneous Assets'" 

Miscellaneous Liabilities' 10 ' 



Total 



Capital and Surplus 

Funded Debt' 11 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 12 ' 



Total 



107 

102 

93 

206 



508 
49 
26 
31 
17 

385 

1,387 

202 

60 

44 

41 



2,037 



646 
15 
184 
761 
431 

2,037 



103 
91 
94 

240 

528 
56 
26 
40 
15 

391 

1,393 

211 

60 

42 

37 



2,060 



632 
20 
172 
784 
452 

2,060 



105 
74 
88 

242 



509 
49 
21 
34 
14 

391 

1,391 

200 

60 

37 

37 

2,042 



628 
16 
172 
784 
442 

2,042 



111 

63 

110 

250 

534 
60 
28 
41 
16 



389 

1,377 

218 

60 

43 

42 

2,045 



633 
13 
172 
784 
443 

2,045 



144 

63 

137 

294 

638 
84 
30 
86 
16 

422 

1 ,368 

214 

60 

42 

49 

2,057 



622 
11 
172 
789 
463 

2,057 



187 

78 

161 

343 

769 
111 

43 
128 

16 

471 

1,360 

204 

60 

41 

56 



2,080 



606 
12 
170 
768 
524 

2,080 



155 
141 
187 
340 

823 
127 

40 
109 

15 

532 

8 

1,339 

197 

60 

36 

53 



2,119 



596 
17 
169 
770 
567 



2,119 



164 
207 
167 
348 

886 

121 

39 

99 

15 



612 

17 

1,286 

191 
60 
34 
50 



2,150 



597 

20 

169 

771 
593 



2,150 



190 
228 
155 
349 



922 

120 

33 

92 

17 



660 

24 

1,248 

187 
60 
33 
56 



2,156 



582 
2 
169 
771 
632 

2,156 



2,193 



Note: For footnotes see page 48. 



- 



I APRIL - MAY 1947 

■S* CLASSIFIED BY ASSET SIZE : 1936-45 

■i, da Group 2 : Assets $5- 10 million : 135 Companies 



50 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year 



1936 1937 1938 1939 1940 1941 1942 1943 1944 1945 



PROFIT STATISTICS : SUMMARY STATEMENT 



Net Operating Profit (Before Depreciation)'" 

Depreciation < 2 ' 

Investment and Other Non-Operating Income (Net) 
Bond Interest (incl. Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision"* . . . 
Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders'" 

Forced Saving( Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 

Undistributed Income (ex. Forced Saving)'" 



119 


138 


123 


155 


191 


245 


263 


248 


230 


34 


36 


35 


39 


48 


58 


67 


60 


52 


7 


7 


7 


9 


11 


10 


10 


10 


11 


14 


14 


13 


12 


12 


11 


11 


10 


10 


78 


95 


82 


113 


142 


186 


195 


188 


179 


14 


17 


15 


24 


58 


92 


102 


100 


92 


64 


78 


67 


89 


84 


94 


93 


88 


87 


— 


- 


- 


- 


- 


- 


i 


14 


Id 


52 


55 


64 


61 


62 


67 


59 


52 


59 


12 


23 


3 


28 


22 


27 


27 


22 


18 



SOURCE AND USE OF FUNDS'" 



Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT). 
Cash Dividends 

Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges'" 

Other Non-cash Charges Against Current Income' 4 ' . 

Total Funds From Current Income 

Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. . 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) <s) 

Sub-Total 

Increase in Working Capital ex. Inventories. . . . 



Total Net Uses of Funds . 



64 


78 


67 


89 


84 


94 


93 


88 


87 


52 


55 


64 


61 


62 


67 
27 


59 

34 


52 
36 


59 


12 


23 


3 


28 


22 


28 


34 


36 


35 


39 


48 


58 


67 


60 


52 


1 


- 


1 


- 


1 


2 


1 


1 


- 


47 


59 


39 


67 


69 


87 


102 


97 


80 


4 


5 
64 


9 


6 


1 


4 


3 
105 


3 


4 


51 


48 


73 


70 


91 


94 


84 


29 


42 


29 


31 


40 


59 


41 


26 


35 


14 


8 


11 


25 


55 


50 


10 


38 


33 


- 


1 


6 


- 


1 


3 


- 


1 


4 


- 


- 


- 


- 


- 


- 


7 


14 


10 


4 


4 


8 


6 


9 


10 


12 


11 


8 


1 


1 


- 


- 


1 


1 


1 


3 


3 


7 


2 


4 


1 


8 


3 


9 


2 


24 


53 


52 


24 


63 


96 


120 


60 


91 


45 


2 


12 


24 


10 


26 


29 


45 


3 


39 


51 


64 


48 


73 


70 


91 


105 


94 


84 



YEAR-END BALANCE SHEET 



Net Workinc Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax. 
Plant, Property and Equipment (Net)"' . 
Investment in Other Companies (Net)' 8 ' . 

Goodwill, Franchises, etc 

Miscellaneous Assets'" 

Miscellaneous Liabilities' 10 ' 



Total 



Capital and Surplus 

Funded Debt"" 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 2 ' 



Total 



61 


70 


79 


92 


85 


94 


109 


106 


113 


79 


75 


79 


81 


90 


100 


145 


180 


199 


76 


86 


83 


97 


121 


155 


149 


141 


134 


175 


183 


172 


197 
467 


251 


301 


311 


350 

777 


317 


391 


414 


413 


547 


650 


714 


763 


48 


55 


46 


55 


72 


97 


117 


118 


124 


43 


34 


30 


30 


33 


57 


01 


84 


65 


17 


20 


19 


28 


61 


95 


78 


78 


67 


10 


11 


12 


14 


12 


12 


12 


9 


9 


273 


294 


306 


340 


369 


389 


446 


488 


498 


- 


- 


- 


- 


- 


- 


7 


20 


31 


722 


727 


719 


709 


700 


701 


676 


644 


626 


75 


73 


67 


68 


67 


69 


68 


71 


75 


44 


41 


35 


34 


32 


31 


30 


29 


29 


28 


28 


26 


25 


22 


22 


24 


21 


21 


7 


7 
1,156 


7 


6 


12 


14 


28 


32 


12 


1,135 


1,146 


1,170 


1,178 


1,198 


1,223 


1,241 


1,268 


264 


261 


253 


247 


223 


213 


202 


188 


179 


9 


10 


9 


10 


11 


11 


8 


8 


10 


241 


240 


239 


236 


220 


219 


220 


214 


217 


420 


425 


423 


429 


452 


457 


460 


459 


463 


201 


220 


222 


248 
1,170 


272 


298 


333 


372 
1,241 


399 


1,135 


1,156 


1,146 


1,178 


1,198 


1,223 


1,268 



Note: For footnotes see page 48. 



51 



Millions of Dollars 



Group 3 



APRIL - MAY 1947 

IX— FINANCIAL STATISTICS FOR 709 COMF H 
Assets $1-5 million : 262 Companies Banks- 



Fiscal Year Nearest to Calendar Year 



1936 | 1937 | 1938 | 1939 | 1940 | 1941 | 1942 | 1943 | 1944 | 1945 



SOURCE AND USE OF FUNDS ' 



PROFIT STATISTICS 


: SUMMARY 


STATEMENT 










Net Operating Profit (Before Depreciation)'" 


50 

15 

2 

_^ 

34 

6 


61 

18 

2 

o 


59 

18 

2 

o 

41 
8 


74 

18 

2 


93 

21 

2 

O 

72 
30 


118 

25 

2 

2 


129 

27 
3 
2 


119 

25 

4 

2 


109 

18 

4 

2 


110 
18 


Investment and Other Non-Operating Income (Net). . 
Bond I nterest (incl.Exchange&Amortizationof Discount) 


5 

2 


Net Profit before Income & E. P. Tax Provision'" .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 


43 

7 


55 
11 


93 
46 


103 
56 


96 
55 


93 
53 


95 

54 


Net Income to Stockholders'" 


28 

17 


36 

21 


34 

28 


44 

29 


42 

33 


47 

33 


47 

5 
27 


41 

8 
23 


40 

8 
21 


41 


Forced Saving( Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


8 
21 






Undistributed Income (ex. Forced Saving)'" 


11 


15 


6 


15 


9 


14 


15 


10 


11 


12 







Net Source of Funds 

Net Income to Stockholders (inch Refundable EPT) 
Cash Dividends 

Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges' 2 ' 

Other Non-cash Charges Against Current Income' 4 ' 

Total Funds From Current Income. . . . 
Issue of Common Stock 

Total Net Sources of Funds . . . 

Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 

Redemption of Preferred Stock .•••.■.■; 

Increase in Misc. Assets (less Misc. Liabilities)' 5 ' . . . 

Sub-Total 

Increase in Working Capital ex. Inventories 

Total Net Uses of Funds 



28 


36 


34 


44 


42 


47 


47 


41 


40 


17 


21 


28 


29 


33 


33 


27 


23 


21 


11 


15 


6 


15 


9 


14 


20 


18 


19 


15 


18 


18 


18 


21 


25 


27 


25 


18 


— 


— 


— 


- 


— 


- 


- 


- 


- 


26 


33 


24 


33 


30 


39 


47 


43 


37 


3 


2 


- 


1 


1 


- 


- 


1 


4 


29 


35 


24 


34 


31 


39 


47 


44 


41 


14 


20 


14 


17 


18 


21 


14 


9 


12 


6 


9 


8 


15 


18 


32 


10 


5 


10 


2 


3 


3 


- 


1 


2 


1 


- 


- 


- 


- 


- 


- 


- 


- 


5 


8 


8 


- 


1 


2 


2 


1 


1 


3 


4 


- 


8 


2 


1 


1 


2 


1 


- 


1 


4 


2 


1 


- 


4 


4 


2 


- 


1 


- 


32 


36 


12 


37 


36 


55 


31 


28 


14 


3 


1 


12 
24 


3 


5 


16 


16 


16 


27 


29 


35 


34 


31 


39 


47 


44 


41 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 



Cash 

Marketable Securities 

Current Accounts Receivable . 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax. 
Plant, Property and Equipment (Net)' 7 ' . . 
Investment in Other Companies (Net)' 8 ' . 

Goodwill, Franchises, etc 

Miscellaneous Assets'" 

Miscellaneous Liabilities" ' 



Total 



31 


34 


41 


43 


45 


47 


53 


61 


69 


22 


21 


22 


23 


32 


37 


53 


73 


87 


44 


48 


44 


56 


69 


83 


82 


79 


76 


84 


• 93 


85 


100 


118 

264 


150 


160 


165 


155 


181 


196 


192 


222 


317 


348 


378 


387 


29 


31 


25 


33 


41 


55 


60 


69 


69 


15 


17 


16 


20 


24 


30 


34 


36 


29 


7 


9 


9 


13 


31 


47 


43 


41 


39 


3 

127 


4 
135 


3 
139 


4 


4 
164 


5 
180 


5 

206 


4 
228 


4 
246 


152 


- 


- 


- 


- 


- 


- 


4 


12 


19 


245 


246 


242 


242 


241 


238 


227 


212 


205 


18 


21 


24 


22 


23 


24 


23 


23 


23 


30 


29 


26 


24 


22 


21 


21 


21 


21 


16 


14 


13 


13 


13 


13 


13 


14 


14 


2 
434 


3 
442 


2 
442 


3 
450 


3 
460 


5 
471 


7 


11 


12 
516 


487 


499 


56 


56 


53 


50 


49 


48 


44 


40 


41 


4 


4 


5 


2 


7 


8 


8 


6 


5 


91 


88 


84 


81 


78 


77 


77 


75 


70 


203 


203 


203 


205 


206 


205 


205 


208 


213 


80 


91 


97 


112 


120 
460 


133 


153 


170 


187 


434 


442 


442 


450 


471 


487 


499 


516 



Capital and Surplus 

Funded Debt'"' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 12 ' 



Total 



Note: For footnotes see page 48. 



I APRIL - MAY 1947 
JIS* CLASSIFIED BY ASSET SIZE : 1936-45 



Group 4 : Assets Under $1 million : 276 Companies! 



52 



Millions of Dollars 



Fiscal Year Nearest to Calendar Year | 1936 \ 1937 | 1938 | 1939 | 19 40 | 1941 | 1942 | 1943 | 1944 | 1945 

PROFIT STATISTICS : SUMMARY STATEMENT 

Net Operating Profit (Before Depreciation) (1) 

Depreciation' 2 ) 

Investment and Other Non-Operating Income (Net). . 
Bond Interest(incl.Exchange&Amortizationof Discount) 

Net Profit before Income & E. P. Tax Provision'" .... 
Income & E. P. Tax Provision (ex. Refundable Portion) 

Net Income to Stockholders"' 

Forced Saving (Refundable Portion of Excess ProfitsTax) 
Net Income Paid Out in Cash Dividends 

Undistributed Income (ex. Forced Saving)"' 



8 


10 


8 


12 


16 


24 


29 


29 


27 


3 


2 


2 


3 


3 


5 


5 


5 


4 


1 


1 


1 


1 


1 


1 


1 


1 


1 


1 


1 


- 


- 


1 


- 


- 


- 


- 


5 


8 


7 


10 


13 


20 


25 


25 


24 


1 


2 


2 


2 


6 


11 


15 


16 


15 


4 


6 


5 


8 


7 


9 


10 


9 


9 


- 


— 


- 


- 


— 


- 


1 


3 


2 


3 


2 


4 


5 


4 


4 


4 


4 


4 


1 


4 


1 


3 


3 


5 


5 


2 


3 



SOURCE AND USE 


OF FUNDS' 3 ' 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT). . 
Cash Dividends 


4 
3 


6 
2 


5 

4 


8 
5 


7 
4 


9 

4 


10 
4 


9 
4 


9 
4 


9 
3 






Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges' 2 ' 


1 
3 


4 
2 


1 

2 


3 
3 


3 
3 


5 
5 


6 
5 


5 
5 


5 
4 


6 
3 


Other Non-cash Charges Against Current Income' 4 ' . . 




Total Funds From Current Income 

Issue of Common Stock 


4 


6 


3 


6 


6 


10 


11 


10 


9 


9 
1 






Total Net Sources of Funds 


4 


6 


3 


6 


6 


10 


11 


10 


9 


10 


Net Use of Funds 

Investment in Plant, Property and Equipment 

Investment in Inventories 


3 
2 

1 


4 
4 

1 


2 
2 


9 

3 
1 


4 
4 
1 

1 

1 


5 
7 
1 


3 
1 

1 

1 
1 


2 
1 

3 
1 


3 
1 

2 
1 
1 


5 

1 


Investment in Other Companies 


- 1 


Investment in Refundable Excess Profits Tax 

Redemption of Funded Debt 


2 


Redemption of Preferred Stock 




Increase in Misc. Assets (less Misc. Liabilities)' 5 ' 


1 


Sub-Total 


4 


7 
1 


3 


4 
2 


7 
1 


13 
3 


5 
6 


7 
3 


4 
5 


10 


Increase in Working Capital ex. Inventories 








Total Net Uses of Funds 


4 


6 


3 


6 


6 


10 


11 


10 


9 


10 







YEAR-END BALANCE SHEET 














Net Working Capital and Other Assets 

Cash 


7 

4 

16 

26 


8 
4 

17 
30 


8 

4 
17 

27 

56 
9 
7 
1 
1 


10 

4 

20 

30 


9 

5 

24 

35 


11 

8 

26 

42 


15 
12 
26 
43 

96 
16 
10 
13 


15 
17 
24 
43 


17 
22 
23 
43 

105 

18 

9 

11 

1 


15 


Marketable Securities 


23 


Current Accounts Receivable 


24 


Inventories'" 


44 






Total Current Assets 


53 
9 
6 
1 
1 

36 

39 
6 
7 
3 
1 


59 

10 

8 

2 

1 


64 

11 

7 

2 

44 

39 
6 
4 
2 
1 


73 

13 

6 

6 

1 


87 

17 

9 

11 

50 

40 
6 
4 
3 
1 

102 


99 

17 

9 

12 

61 

4 
37 
5 
4 
4 
1 


106 


Current Accounts Payable 


19 


Bank Loans 


10 


Accrued Taxes Payable 


10 


Accrued Interest and Dividends Pavable 




Net Working Capital 


38 

40 
6 
5 
3 


38 

40 
6 
5 
2 
1 

90 


47 

40 
4 
5 
2 
1 


57 
1 

40 
5 
4 
3 


66 
6 

37 
5 
4 
4 
1 


67 


Refundable Portion of Excess Profits Tax 


8 


PI. nit, Propertv and Equipment (Net)"' 


39 


Investment in Other Companies (Net)' 8 ' 


6 


' ioodwill, Franchises, etc 


5 


Miscellaneous Assets'" 


4 


Miscellaneous Liabilities' 10 ' 


1 






Total 


90 


92 


94 


97 


110 


114 


121 


128 






Capital and Surplus 

Funded Debt" 1 ' 


6 

7 

16 

48 

13 


5 
9 

16 
46 
16 


5 

8 
14 
46 
17 


5 

8 

15 

44 
22 

94 


5 

9 

16 

43 

24 


4 

9 

16 

44 

29 


3 
10 
15 
45 
37 


3 

10 
15 
45 
41 


5 

11 

14 
45 
46 

121 


5 


Loans from Parent and Other ComDanies (Net) 

Preferred Stock Outstanding 


10 
14 


Common Stock Outstanding 


46 


Earned Surplus and Surplus Reserves" 2 ' 


53 






Total 


90 


92 


90 


97 


102 


110 


114 


128 







t This includes only companies with 1941 assets over $200,000 and under $1,000,000 and constitutes a relatively small sample of all companies having assets 
under $1,000,000. Note: For other footnotes see page 48. 



53 



APRIL - MAY 1947 



X— COMMERCIAL FAILURES 1 ' 

Dominion Bureau of Statistics 





NUMBER OF FAILURES 




LIABILITIES ] 


NVOLVED 




Calendar 














Thousands of Dollars 








Trade 


Manu- 
facture 


Other 


Total 


Maritime 
Provinces 


Quebec 


Ontario 


Prairie 
Provinces 


British 
Columbia 


Total 


1926 


805 


390 


578 


1,773 


1,018 


13,391 


13,288 


2,373 


2,222 


32,291 


1927 


818 


430 


593 


1,841 


1,148 


11,483 


14,150 


3,077 


597 


30,455 


1928 


884 


505 


648 


2,037 


1,437 


12,325 


13,881 


3,832 


981 


32,455 


1929 


1,100 


443 


624 


2,167 


929 


12,476 


14,791 


3,260 


7,292 


38,748 


1930 


1,204 


488 


710 


2,402 


1,035 


15,921 


21,025 


5,961 


4,223 


48,164 


1931 


1,102 


464 


650 


2,216 


996 


23,567 


17,084 


8,404 


2,503 


52,553 


1932 


1,171 


468 


781 


2,420 


1,973 


17,176 


23,246 


6,708 


2,527 


51,629 


1933 


1,089 


357 


598 


2,044 


1,058 


15,544 


12,391 


2,987 


975 


32,954 


1934 


799 


217 


516 


1,532 


728 


11,967 


7,419 


1,467 


2,018 


23,598 


1935 


594 


180 


540 


1,314 


512 


8,253 


6,053 


1,694 


1,055 


17,567 


1936 


536 


191 


471 


1,198 


352 


6,952 


6,244 


1,126 


471 


15,145 


1937 


584 


182 


360 


1,126 


337 


7,008 


5,126 


1,018 


815 


14,303 


1938 


667 


200 


352 


1,219 


1,127 


6,804 


4,404 


1,272 


410 


14,017 


1939 


664 


210 


518 


1,392 


933 


6,673 


4,906 


1,620 


957 


15,089 


1940 


591 


167 


415 


1,173 


361 


4,971 


3,371 


923 


1,038 


10,663 


1941 


482 


132 


394 


1,008 


263 


5,100 


2,874 


625 


273 


9,134 


1942 


342 


80 


315 


737 


106 


3,879 


1,548 


398 


88 


6,019 


1943* 


124 


49 


248 


421 


131 


3,837 


973 


62 


- 337 


5,340 


1944* 


71 


42 


147 


260 


64 


1,876 


800 


437 


283 


3,460 


1945* 


58 


54 


160 


272 


26 


2,711 


891 


126 


241 


3,995 


1946 


77 


57 


144 


278 


732 


3,294 


584 


1,067 


289 


5,966 



(1) Compilation of assignments made under the Bankruptcy and Winding Up Acts. * Revised. 



Millions of Dollars 



XI— CONSTRUCTION : CENSUS OF INDUSTRY* 

Dominion Bureau of Statistics 



1935 1936 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



1944 



1945 







VALUE OF WORK PERFORMED 












Type of Construction 

Residential Building 


19 
10 
43 
60 

57 
27 


31 
24 
45 
60 
58 
39 


41 
41 
49 
93 
80 
48 


46 
29 
60 

91 

81 
47 


54 
37 
68 
87 
82 
46 


60 

81 
117 

60 
104 

51 


88 
178 
109 

68 
132 

65 


76 
159 
116 

60 
158 

67 


64 
140 

98 

67 
137 

67 


84 
71 
65 
68 
85 
76 


126 




83 




80 




79 




80 


All Other 


97 






Total 


216 

141 

75 

27 
58 
91 
26 
14 


258 

171 

87 

28 
68 
108 
31 
23 


352 

245 
107 

38 

101 

148 

32 

31 


353 

241 
113 

34 
101 
151 

38 

28 


373 

259 
115 

37 
119 
145 

46 

27 


474 

352 
122 

46 
127 
192 

74 
35 


640 

491 
148 

54 
182 
261 

86 

57 


636 

490 
145 

70 
205 
218 

71 
71 

636 


572 

422 
150 

54 

160 

217 

56 

85 


450 

266 
184 

45 

131 

165 

59 

49 


544 


Of Which; New Construction 

Alterations, Repairs, etc. . 

Provincial Distribution 


320 
223 

46 




150 




217 




78 


B.C. 


53 






Total 


216 


258 


352 


353 


373 


474 


640 


572 


450 


544 







Cost of Materials Used 

Salaries and Wages Paid 


95 
105 


122 
113 


176 
151 


177 

147 


189 
153 


267 
180 


370 
236 


325 

262 


279 
251 


201 
198 


276 
234 



♦The D.B.S. census of the construction industry is based on reports from 
general and trade contractors and sub-contractors, municipalities, the Harbours 
Board and Dominion and Provincial departments. The figures cover alter- 
ations, maintenance and repairs as well as new construction but do not include 
the following: work performed by certain firms not connected with the con- 
struction industry but which do this work with their own employees; work done 



by working proprietors or workers on their own account; and work done on 
urban and farm homes by the owners and tenants themselves. 

An estimate of the gross value of construction for the year 1940 was made 
for the Advisory Committee on Reconstruction and was published in the 
Canadian Journal of Economic and Political Science for May 1943. It in- 
dicates that the figures given in the above table for the year 1940 cover about 
55% of total construction activity in that year. 



APRIL - MAY 1947 



Millions of Dollars 



54 



XII— IMPORTS AND EXPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS*'" 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex. Gold 


Retained 

Imports 

Ex. Gold 






British Empire 12 ' 


U.S.A. 


Other Foreign Countries 


Total 
all 


Excess of 
Exports 












Central' 5 ' 




or 




U.K. 


Other 




Europe 


Far East 


AND 


Other 


Countries 










(D 


(2) 




O) 


(4) 


S America 




<i) 








Calendar Years 
























1926 


165 


50 


669 


74 


17 


33 


1 


1,008 


15 


993 


299 


1929 


195 


62 


894 


96 


17 


33 


2 


1,299 


26 


1,273 


83 


1932 


94 


35 


264 


40 


7 


14 


1 


453 


8 


445 


115 


1937 


147 


89 


491 


46 


12 


21 ■ 


2 


809 


15 


794 


382 


1945 


100 


131 


1,202 


19 


- 


88 


5 


1,546 


49 


1,497 


1,817 


1946 


139 


139 


1,405 


41 


5 


129 


6 


1,864 


27 


1,838 


571 


Monthly Totals 
























1946— Mar. 


8.9 


12.5 


100.1 


2.5 


.1 


9.4 


.8 


134.4 


1.6 


132.8 


55.6 


Apr. 


11.5 


10.7 


114.8 


2.9 


.3 


10.2 


.7 


151.0 


1.8 


149.2 


36.4 


May 


10.7 


13.1 


113.4 


3.0 


.3 


14.9 


.8 


156.1 


1.9 


154.2 


52.8 


June 


13.9 


10.6 


106.6 


2.9 


.4 


13.4 


.3 


148.2 


2.1 


146.1 


28.3 


July 


12.1 


9.4 


112.5 


6.4 


.3 


10.7 


.3 


151.8 


2.6 


149.2 


46.1 


Aug. 


12.1 


13.5 


123.1 


2.9 


.2 


8.7 


.2 


160.8 


3.3 


157.5 


92.7 


Sept. 


11.4 


13.7 


115.8 


2.7 


.5 


10.9 


.4 


155.5 


2.1 


153.3 


23.2 


Oct. 


15.1 


15.1 


140.4 


3.7 


.9 


10.5 


.1 


185.9 


2.5 


183.4 


29.2 


Nov. 


14.4 


13.2 


149.5 


5.5 


1.1 


13.8 


.2 


197.7 


2.9 


194.8 


43.5 


Dec. 


11.3 


10.3 


145.6 


3.7 


.1 


9.9 


.5 


181.6 


2.4 


179.2 


39.4 


1947— Jan. 


13.7 


6.0 


136.6 


5.4 


1.2 


9.1 


1.2 


173.3 


1.8 


171.4 


46.2 


Feb. 


10.4 


12.9 


138.8 


3.9 


.8 


9.8 


.4 


177.0 


2.3 


174.7 


11.7 


Mar. 


13.8 


12.0 


165.5 


4.2 


.3 


12.7 


.4 


208.8 


2.9 


205.9 


9.9 



Millions of Dollars 






2. MERCHANDISE EXP 


ORTS*<« 
















DOMESTIC 


EXPORTS 


. (Excluding Gold) TO 








Total 




British Empire' 2 ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
Non- 
Monetary 

Gold 
Exports 


Exports 

Including 

Net 

Non- 

Monetary 

Gold 




U.K. 


Other 

(2) 


Europe 

(3) 


Far East 

(4) 


Central' 5 ' 
and 
S. America 


Other 


Calendar Years 

1926 


316 


96 


458 


281 


61 


45 


4 


1,261 


30 


1,292 


1929 


225 


105 


493 


207 


68 


45 


11 


1,152 


37 


1,190 


1932 


151 


39 


159 


100 


20 


10 


12 


490 


70 


560 


1937 


384 


107 


382 


92 


33 


26 


7 


1,031 


145 


1,176 


1945 


963 


560 


1,197 


383 


10 


61 


44 


3,218 


96 


3,314 


1946 


598 


322 


888 


320 


60 


99 


26 


2,312 


96 


2,408 


Monthly Totals 

1946— Mar. 


50.5 


19.8 


66.5 


27.0 


3.0 


7.2 


4.4 


178.4 


10.0 


188.4 


Apr. 


41.0 


20.2 


71.4 


31.2 


4.4 


7.9 


2.4 


178.5 


7.2 


185.6 


May 


54.9 


31.2 


72.2 


25.2 


3.2 


7.6 


2.7 


197.0 


10.0 


207.0 


June 


30.6 


24.8 


66.5 


32.2 


4.5 


6.3 


1.7 


166.7 


7.7 


174.4 


July 


40.4 


32.7 


74.8 


26.7 


4.9 


7.5 


1.8 


188.7 


6.6 


195.3 


Aug. 


71.9 


35.1 


75.0 


40.8 


9.2 


9.8 


1.0 


242.7 


7.5 


250.1 


Sept. 


54.3 


23.1 


69.6 


11.9 


4.5 


5.4 


1.0 


169.8 


6.8 


176.5 


Oct. 


47.7 


24.7 


99.1 


18.8 


6.1 


6.9 


.9 


204.2 


8.5 


212.6 


Nov. 


57.9 


36.0 


89.2 


24.9 


9.4 


13.3 


1.5 


232.2 


6.0 


238.3 


Dec. 


59.4 


30.9 


83.9 


20.1 


5.1 


11.1 


1.5 


211.9 


6.7 


218.6 


1947— Jan. 


50.5 


29.8 


79.5 


23.4 


8.6 


15.6 


1.4 


208.6 


9.0 


217.6 


Feb. 


44.9 


25.1 


69.4 


22.2 


5.4 


11.5 


1.0 


179.5 


6.9 


186.4 


Mar. 


47.6 


30.5 


83.1 


30.3 


5.6 


9.6 


2.3 


209.0 


6.8 


215.8 


Apr. 


43.1 


26.8 


88.3 


17.2 


3.5 


10.1 


2.0 


190.9 


6.4 


197.3 



* It is important to note that under wartime conditions import and export statistics were not reliable indicators of international payments arising out 
of commodity trade; e.g. goods might be shipped overseas for use of Canadian forces, or might be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics. 

(1) Imports from the United Kingdom, do not include articles imported for the use of the armed forces of the United Kingdom, nor articles admitted 
free under Order in Council. Commencing in 1945 the item "Canadian goods returned" (9195) has been excluded; a large volume of Canadian military 
equipment and stores for which no payment is involved has been returned under this heading. 

(2) Includes Egypt. 

(3) Includes Turkey and U.S.S.R. 

(4) China, Japan, Korea, Siam, French East Indies, Netherland East Indies, Philippines, Portuguese Asia and Guam. 

(5) Includes Non-British West Indies and Mexico. 

(6) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 



55 



APRIL- MAY 1947 



XIII— MERCHANDISE IMPORT! 

Compiled from "Trade of Canal*' 



Millions of Dollars 






















(Ex) 




Calendar 
Years 


Fruits 
and 

Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Meats 


Alcoholic 
Beverages 

(1) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
unci syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Oth 

Veget a 

am 

Anin t 

Prodi 


1926 


34 


6 


17 


38 


19 


5 


28 


11 


30 


13 


18 


4 


1929 


39 


11 


26 


28 


18 


7 


47 


12 


23 


15 


20 


5 


1932 


21 


5 


6 


17 


10 


1 


17 


5 


4 


4 


6 


r 


1937 


29 


6 


18 


21 


14 


1 


8 


16 


19 


8 


12 


% - 


1942 


36 


9 


9 


18 


16 


2 


7 


10 


23 


6 


14 


3: 


1944 


75 


15 


12 


32 


27 


2 


6 


10 


15 


11 


10 


3 


1945 


86 


22 


13 


32 


27 


1 


8 


11 


15 


21 


10 


3 


1946 


118 


27 


20 


40 


26 


2 


13 


12 


20 


27 


13 


5. 


Monthly 

1946-Jan. 


8.3 


2.5 


1.2 


3.3 


4.7 


.1 


1.1 


.8 


.8 


3.6 


.7 


3.: 


Feb. 


7.6 


2.5 


.8 


1.7 


.6 


.1 


.9 


.9 


.9 


3.7 


.9 


4.1 


Mar. 


9.7 


4.0 


1.7 


3.0 


2.2 


.1 


.9 


.8 


1.8 


2.5 


.9 


3.' 


Apr. 


8.7 


5.2 


1.6 


1.9 


2.0 


.1 


.8 


.8 


1.5 


2.0 


.9 


4.< U 


May 


10.8 


3.8 


1.0 


5.6 


2.9 


.2 


.8 


1.1 


1.2 


1.9 


1.1 


5.. • 


June 


12.1 


3.5 


.5 


3.2 


2.1 


.1 


.9 


.8 


.9 


1.6 


.9 


3.. 


July 


10.9 


1.7 


.9 


3.3 


2.1 


.1 


1.0 


.5 


1.5 


1.5 


.9 


4: 


1 


Aug. 


9.5 


.3 


2.1 


3.9 


1.6 


.1 


1.1 


.3 


2.4 


2.1 


1.2 


5.1 


Sept. 


7.0 


.4 


1.9 


3.8 


3.2 


.2 


1.0 


.3 


1.6 


2.3 


.7 


3.i 


. 


Oct. 


9.1 


.9 


1.3 


4.0 


1.3 


.1 


1.2 


.5 


4.6 


2.0 


1.0 


5.' 




Nov. 


11.5 


1.0 


3.4 


4.7 


2.6 


.3 


1.3 


4.5 


1.7 


2.2 


1.4 


4.' 


Dec. 


12.8 


1.5 


3.7 


1.4 


1.1 


1.0 


1.8 


1.2 


1.1 


2.0 


2.3 


«.: 


1947-Jan. 


10.4 


1.6 


2.3 


1.9 


1.0 


.5 


1.0 


2.3 


1.0 


1.9 


2.7 


4.: 


i 


Feb. 


7.1 


1.7 


1.8 


1.5 


4.2 


.3 


1.0 


2.4 


2.5 


2.5 


2.3 


6.1 


il 


Mar. 


7.3 


2.7 


2.5 


1.4 


4.1 


.2 


.8 


2.2 


3.6 


2.4 


2.8 


G.i - 


Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 

Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 


Motor 

Vehicles 

and 

Parts 


— 

Oth. 

Iroi 
and 
Stee 


1926 


31 


3 


2 


10 


30 


8 


5 


14 


18 


39 


52 


4( 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


85 


6( 


1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


13 


1' 


1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


49 


3; 


1942 


67 


6 


12 


13 


52 


16 


7 


20 


24 


72 


90 


6' 


1944 


81 


7 


2 


6 


40 


6 


7 


63 


41 


79 


95 


8: 


1945 


80 


9 


3 


4 


45 


5 


8 


28 


50 


93 


76 


6: 


1946 


93 


6 




8 


38 


8 


7 


29 


68 


130 


106 


8! 


Monthly 

1946-Jan. 


7.3 







.6 


3.4 


.5 


.6 


1.7 


4.4 


9.5 


5.2 


6.1 


Feb. 


6.7 


- 


- 


.2 


1.0 


.1 


.3 


1.4 


3.9 


7.6 


5.0 


5.; 


Mar. 


7.6 


- 




.5 


2.3 


.6 


.4 


1.5 


3.7 


8.7 


6.3 


5.! 


Apr. 


8.9 


- 




.6 


4.4 


.6 


.6 


2.0 


4.7 


10.7 


9.9 


7.1 


May 


8.8 


.2 




.5 


3.9 


.5 


.6 


2.6 


5.1 


11.1 


9.5 


7.1 


June 


7.5 


.4 


- 


.5 


2.8 


.6 


.5 


2.6 


5.4 


11.3 


8.8 


7, 


July 


7.7 


1.0 


- 


.6 


3.1 


.6 


.7 


4.9 


6.7 


10.9 


8.1 


7.. 

8.: 


Aug. 


7.1 


.5 




.7 


3.2 


.7 


.6 


1.9 


8.1 


11.2 


8.7 


Sept. 


6.8 


1.0 




.9 


3.1 


.8 


.6 


2.2 


5.9 


10.9 


10.1 


7.; 


Oct. 


8.0 


1.5 


.3 


.9 


3.9 


.8 


.8 


2.6 


6.5 


12.7 


11.9 


8.1 


Nov. 


8.7 


1.4 




1.0 


3.8 


1.1 


1.0 


2.7 


7.0 


12.8 


11.6 


9. 


Dec. 


7.8 


.5 


.2 


1.0 


2.9 


.9 


.8 


3.3 


7.0 


13.1 


10.8 


8.1 


1947-Jan. 


7.9 


.1 




1.1 


3.3 


■ 8 . 


.7 


2.8 


7.2 


13.2 


10.7 


8.! 


Feb. 


8.5 


.1 




1.0 


3.2 


.9 


1.0 


2.6 


6.5 


12.7 


11.4 


9.1 


Mar. 


9.9 


— 


o 


1.0 


4.1 


1.2 


.9 


3.2 


8.6 


16.7 


14.2 


10.: 





■fr A wide variety of military equipment and materials for the munitions industry is included in this group which consists chiefly of items admitted under spe | 
goods on Canadian Account. It is emphasized that there is no clear functional distinction between this grouping and the other headings, especially iron and i 
Excludes Aircraft from Jan. 1946. f Excluding non-revenue items imported from U.K. in the years 1939-47 and made up of items listed in "Trade of Canada" u I 
valued owing to inclusion of U.K. excise taxes on spirits imported from that country. 



APRIL - MAY 1947 
MMMODITY CLASSIFICATION 

C'4 iinion Bureau of Statistics 
.old) 



56 



Millions of Dollars 



Cotton 



and 
mfd. 



>4 
38 
8 
31 

U 

[2 



4 
4 
.4 
.8 
2 
.(> 
.3 
3 
.2 
.9 
8 
.3 

.3 
.0 
.2 



Mfd. 



33 

34 
13 
20 

48 
51 
49 
75 

5.0 
4.3 
5.0 
5.6 
5.2 
5.7 
5.2 
5.8 
4.7 
7.2 
9.8 
10.9 

12.0 
11.9 
13.9 



Silk 

(raw and 

mfd.) 



30 
29 
10 

8 

2 
2 
2 

4 

.2 
.3 
.2 
.2 
.2 
.2 
.3 
.3 
.4 
.4 
.6 
.7 

.7 

.8 

1.0 



Wool 



Raw and 
Unmfd. 



10 

10 

5 

16 

34 
17 
19 
30 

1.8 
1.9 
2.3 
1.8 
2.3 
1.8 
2.1 
3.1 
2.9 
3.5 
3.2 
3.1 

1.6 
1.9 
3.4 



Mfd. 



39 
40 

11 
19 

22 
20 
25 
35 

3.2 
1.6 
2.3 
2.7 
2.6 
3.0 
2.9 
3.0 
3.1 
3.5 
3.5 
3.3 

4.5 
3.5 

4.2 



Artificial 
Silk 



6 

13 

3 

4 

11 
17 
21 

22 

1.5 
1.2 
1.7 
1.8 
1.6 
1.8 
1.5 
1.9 
1.9 
1.9 
2.6 
2.6 

3.2 
2.9 
3.6 



Flax, Hemp 
and Jute 



16 

15 

6 

11 

13 
18 
18 
23 

2.3 
.6 
1.9 
3.7 
1.6 
2.1 
1.2 
1.2 
3.1 
1.4 
2.7 
1.4 

1.8 
3.3 
2.5 



Other 
Textiles 



28 
30 
12 
16 

18 
24 
23 
31 

2.2 
2.2 
3.5 
2.5 
2.7 
1.9 
1.6 
1.8 
2.6 
3.2 
3.6 
3.3 

3.8 
3.4 
4.1 



Paper 



11 

15 

7 
8 

11 
12 
13 
19 

1.4 
1.4 
1.7 
1.6 
1.6 
1.5 
1.5 
1.4 
1.6 
1.8 
1.8 
1.6 

1.7 
1.9 
2.1 



Books and 
Printed 
Matter 



13 

18 
10 
14 

16 
18 
21 
31 

2.2 
2.3 
2.8 
3.0 
2.4 
2.6 
2.5 
2.5 
2.1 
2.6 
3.0 
2.7 

2.3 
2.3 
2.7 



Other Wood 
and Wood 
Products 



22 
30 

6 
12 

11 
13 
15 
20 

1.3 
1.2 
1.4 
1.6 
1.7 
1.7 
1.7 
1.6 
1.7 
2.0 
2.1 
2.1 

2.5 

2.4 
2.9 



Calendar 
Years 



1926 
1929 
1932 
1937 

1942 
1944 
1945 
1946 

Monthly 

Jan.-1946 

Feb. 

Mar. 

Apr. 

May 

June 

Julv 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 

Jan .-1947 

Feb. 

Mar. 



Tin 

and 

Products 



3 
1 
3 

4 
2 
5 
6 

1.7 



.1 
.9 
.9 
.8 



1.7 
.1 

1.0 



Electrical 
Apparatus 



17 

37 

8 

16 

28 
58 
43 
48 

3.3 
3.1 
3.4 

4.1 
4.1 
4.1 
4.0 
3.7 
3.8 
4.5 
5.0 
4.6 

4.8 
5.1 
6.3 



Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


31 


67 


48 


64 


11 


35 


25 


42 


38 


92 


37 


123 


44 


115 


58 


133 


3.4 


11.3 


3.1 


10.0 


3.6 


10.7 


5.0 


9.0 


4.5 


6.3 


5.3 


5.9 


4.4 


10.8 


4.9 


14.5 


5.2 


13.5 


6.5 


16.6 


6.6 


14.4 


5.4 


10.1 


4.7 


10.3 


5.8 


9.5 


6.1 


10.7 



Petroleum 

and 
Products 


Glass 


52 


9 


77 


11 


43 


5 


59 


9 


81 


11 


98 


14 


95 


16 


123 


23 


6.8 


1.5 


5.3 


1.4 


5.9 


1.8 


9.0 


1.9 


11.4 


1.9 


11.4 


1.7 


10.7 


1.9 


12.8 


1.7 


12.6 


2.2 


13.6 


2.5 


12.2 


2.7 


11.7 


2.1 


9.7 


2.1 


10.0 


2.0 


12.1 


2.6 



Other 
Non- 
metallic 
Minerals 



25 
35 
13 

27 

38 
36 
39 
53 

3.3 
2.9 
3.9 
4.5 
4.9 
4.8 
4.7 
4.6 
4.8 
5.3 
5.5 
3.9 

4.4 
3.7 
4.7 



War 

Materials 

• 



393 

315 

119 

6 

.2 
.1 
2.2 
.6 
.9 
.3 
.3 
.2 
.2 
.5 
.5 
.4 



All 
Other 
Imports 



59 
75 
33 

48 

49 

58 

69 

113 

5.6 

6.6 

7.7 

9.3 

8.6 

8.9 

8.7 

10.8 

10.3 

12.8 

12.2 

11.0 

10.2 
10.3 
12.5 



Totalt 

Imports 



1,008 

1,299 

453 

809 

1,600 
1,743 
1,546 
1,864 

132.4 
109.1 
134.4 
151.0 
156.1 
148.2 
151.8 
160.8 
155.5 
185.9 
197.7 
181.6 

173.3 
177.0 
208.8 



Calendar 
Years 



1926 
1929 
1932 
1937 

1942 
1944 
1945 
1946 

Monthly 

Jan.-1946 

Feb. 

Mar. 

Apr. 

May 

June 

July 

Aug. 

Sept. 

Oct. 

Nov. 

Dec. 



Jan.- 
Feb. 
Mar. 



1947 



ions (largely Orders-in-Council P.C. 8097. 8255 and 8600). They are to a considerable extent the property of allied governments, but there are as well certain 
• non-ferrous metals, the factor determining classification being the conditions of ownership and admission rather than the physical description of the goods. 
' numbers 9188, 9189, 9194, 9213 and also item 9195 "Returned Canadian Goods" for the years 1945-47. (1) Before 1935 import totals are substantially over- 



57 



APRIL - MAY 1947 
XIV— ESTIMATED CANADIAN BALANCE OF ^ T1 

Dominion |* l,:; 



Millions of Canadian Dollars 



1945 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1946 



Exports 
or Credits 



Imports 
or Debits 



All Countries 
Current Account 

Merchandise Trade (Adjusted) u> . . . 
Net Exports of Non-monetary Gold . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total Current Account. 



Capital Account 

New Issues or Retirements of Canadian 

Securities held abroad 

Sales or Purchases of Outstanding Securities. . . 
Govt. Loans and Advances to other Countries. 
Other Capital Transactions 



Capital Movement 

Mutual Aid,' 3 ' UNRRA and Other Relief 14 ) . . 
Balancing Item "> 



3,057 

96 

165 

76 

340 

301 

4,635 



91 



533 



1,442 

83 
253 
222 
912 

2,912 



211 


120 


* 


355 


* 


250 


674 


674 


1,222 


689 


1,041 


1,041 




7 



2,215 

96 

82 

177 

118 

611 

1,723 



2,398 
£96 
219 
74 
287 
267 

3,341 



198 



402 



928 



1,822 

135 

312 
210 
404 

2,883 



530 



1,282 
107 



Empire Countries 
Current Account 

United Kingdom 

Merchandise Trade (Adjusted) (1) . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total. 



Other Empire Countries 

Merchandise Trade (Adjusted) ( " . 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total 



Total Empire Countries 

Merchandise Trade (Adjusted)'" 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

War Service Receipts 

Canadian Overseas Expenditures 

Remaining Current Items 



Total 



Total Current Account — United Kingdom . 

Other Empire . . . 

Total Empire 

Capital Account 

Retirements of Canadian Securities 

Other Security Transactions 

Repay ts. on 1942 Canadian Loan to U.K 

Post War Loan to U.K 

Other Capital Transactions 



Capital Movement 

Mutual Aid' 3 ' 

Special Receipts of Gold & U.S. Dollars' 5 ' . 
Balancing Item "' 



1,603 

2 

4 

145 

100 

1,854 



351 

4 
38 
19 

412 

1,954 

2 

8 

183 

81 

38 

2,266 

1,854 

412 

2,266 



64 

9 
73 



100 

2 

53 

30 

741 



926 



113 



120 



213 

2 

54 

34 

696 
47 



1,046 
926 
120 

1,046 



32 
41 



350 



423 

838 

33 



1,503 

49 
115 
641 

928 



238 

3 
34 
17 

292 



1,741 

46 
149 

81 

696 

9 

1,220 

928 

292 
1,220 

32 
41 
64 

341 «> 

350 

838 

33 

1 



626 
3 

7 

107 

91 



834 



269 

1 

2 

25 

3 



300 



895 
4 
9 

132 
18 

76 



1,134 

834 

300 

1,134 



89 
220'" 



138 

2 

54 

32 

113 



339 



129 
1 
1 



133 



267 

3 

55 

32 

73 

42 



472 
339 
133 
472 

77 
58 

540 
142 «> 



309 



817 

5 

150 



f APRIL - MAY 1947 

INATIONAL PAYMENTS : 1945 AND 1946t 

\ffStatistics 



58 



Millions of Canadian Dollars 



1945 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



1946 



Exports 
or Credits 



Imports 
or Debits 



Net Credit 
Net Debit 



in-Empire Countries 
Current Account 

United States 

Merchandise Trade (Adjusted)'" . . . 
Net Exports of Non-monetary Gold. 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total 



Other Non-Empire Countries 
Merchandise Trade (Adjusted) '". 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total . 



Total Non-Empire Countries 

Merchandise Trade (Adjusted) H> . . . 
Net Exports of Non-monetary Gold. 

Tourist and Travel 

Interest and Dividends 

Freight and Shipping 

Other Current Items' 2 ' 



Total Current Account 

Total Current Account — United States 



Other Non-Empire. . 
Total Non-Empire . . 

Capital Account 

New Issues or Retirements of 

Canadian Securities 

Sales or Purchases of Outstanding Securities 

Change in Liquid Reserves of Gold 

and U.S. Dollars 

Export Credits or Interim Advances' 6 ' 

Other Capital Transactions, Net 

Capital Movement 

Mutual Aid,' 3 ' UNRRA & Other Relief"' 

Special Gold & U.S. Dollar Transactions' 5 ' 

Balancing Item' 7 ' 



1,134 

96 

163 

44 

134 

169 

1,740 



569 

24 
23 
13 

629 



1,703 

96 

163 

68 

157 

182 

2,369 

1,740 

629 

2,369 



91 



460 



33 



1,119 

81 
194 
188 
128 

1,710 



110 



41 
156 



1,229 

81 
199 
188 
169 

1,866 

1,710 

156 

1,866 



15 
96 
82 
150 
54 
41 



30 



459 

19 
23 
28 



473 



474 
96 
82 

131 
31 
13 



503 

30 

473 

503 



179 


88 


* 


396 


* 


667 


105 


105 


* 


125 


799 


339 


203 


203 


- 


33 



948 
96 

214 
46 

112 

159 



1,575 



555 

1 

19 

43 

14 

632 



1,503 

96 

215 

65 

155 

173 

2,207 

1,575 

632 

2,207 



198 



619 



150 



1,378 

131 
250 
178 
241 

2,178 



177 
1 

7 

48 
233 



1,555 

132 

257 
178 
289 

2,411 

2,178 

233 

2,411 



453 

* 

210 

* 

465 
102 



430 
96 
83 

204 
66 
82 



603 



378 

12 
43 
34 



399 



52 
96 
83 

192 
23 

116 



204 
603 
399 
204 



255 
291 

251 
210 

77 

154 
102 
150 



I Preliminary. For years 1926 to 1944 inclusive see 1946 Supplement to the 
Bank of Canada Statistical Summary. 
Merchandise trade entries are compiled to show as far as possible the actual 
transfers of funds connected therewith, rather than the physical movement 
)f goods as recorded in the trade returns. Under wartime conditions there 
were considerable deviations between the two series, particularly in the 
case of munitions and other inter-governmental transactions. Exports 
however do include "Mutual Aid, UNRRA & Other Relief" exports for 
which no foreign exchange is received and hence unless adjusted by the 
offsetting debits under that heading they are not a measure of foreign 
exchange receipts. 

"Other Current Items" includes current war expenditures and receipts. 

Subject to revision. 

The contributions to UNRRA, Military and other Official Relief amount 
to 101 and 82 in 1945-46 respectively. 

This represents gold and U.S. dollars received from U.K. in part settlement 



of her deficiency with Canada, and used in turn to settle part of Canada's 
deficiency with the United States. 

(6) Mainly under Part II of the Export Credit Insurance Act. 

(7) Reflects possible errors and the omission of certain factors which cannot 
be measured statistically, such as changes in the timing of payments for 
goods and services. 

(8) Includes interim advances to the U.K. of 209 and 112 in the years 1945-46 
respectively, which were mostly cancelled in the Financial Agreement 
referred to in note (8). Included as well under this heading are sundry 
adjustments. 

(9) Includes a receipt of 150 from the U.K. constituting final settlement of 
virtually all outstanding current claims and liabilities between Canada 
and the U.K., which had accumulated during the war. This is exclusive 
of the U.K. liability in connection with the Air Training Plan which 
was cancelled under the terms of the Financial Agreement. 

* Not available. 



TATISTICAL SUMMARY 



BANK OF CANADA 



I 
ii 



in 



IV 

v 

VI 



VII 

VIII 

IX 

X 
XI 

XII 
XIII 
XIV 



Tables Charts Pages 

Bank of Canada: 

Liabilities and Assets .59-60 

Chartered Banks: 

Liabilities and Assets 61-62 

Savings and Current Deposits 59 

Annual Turnover of Savings and Current Deposits 60 

Savings Deposits and Dom. Govt. Securities over 2 Yrs 61 

Dom. Govt. Securities under 2 Yrs. & Canadian Loans & Other Securities 62 

Security Prices: 

Govt. Securities Payable in Canada only . 63 

Yields of Dom. Govt. Bonds, Payable in Canada only .... 63 

Govt. Securities, Canada, U.K. and U.S. A 64 

Yields of Govt. Bonds, Canada, U.K. and U.S.A 64 

Bond Issues and Retirements 65 

Estimated Foreign Capital Invested in Canada and Canadian 

Investment Abroad : 1939 and 1945 66 

Corporate Financial Statistics: 1936-45: 

52 Food Products Companies . 67 

37 Primary Textile Companies . 68 

25 Pulp and Paper Products Companies 69 

55 Iron, Steel and Products Companies 70 

60 Machinery Companies (excl. Electrical) 71 

27 Electrical Machinery and Equipment Companies 72 

39 Gold Mining Companies . 73 

18 Non- Ferrous Metal Companies 74 

11 Petroleum Companies 75 

29 Chemical Companies 76 

23 Electrical Utility Companies 77 

Wage Rates for Certain Groups of Industries 78 

Indexes of Hourly Wage Rates 78 

Business Activity 79 

Production of Copper, Nickel, Lead and Zinc 79 

Newsprint : North America 80 

Newsprint: North America 80 

Wholesale Prices 81 

Cost of Living 81 

Retail Merchandise Sales 82 

Fisheries Statistics 83 

Imports and Exports by Countries 84 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



JUNE - JULY 1947 



59 



Millions of Dollars 



JUNE - JULY 1947 

I — BAJ)F( 











LIABILITIES 












Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Special 

Foreign 

Deposits'" 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Tots 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabili 
or 

Asse 


lok 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


29( 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


37- 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


44) 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


_ 


320.0 


19.5 


71( 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


- 


472.0 


22.6 


90! 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


- 


661.0 


30.3 


1,17 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


l,48i 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,84 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,89 


End of 

1946— Jan. 


147.2 


505.9 


653.1 


187.2 


34.2 


101.8 


940.9 


47.8 


1,96 


Feb. 


134.6 


522.9 


657.6 


201.7 


56.4 


95.2 


952.1 


24.3 


1,98 


Mar. 


124.7 


518.1 


642.8 


149.2 


89.1 


95.2 


977.5 


36.9 


1,99 


Apr. 


154.5 


555.8 


710.3 


183.3 


62.7 


23.6 


959.9 


33.8 


1,97 


May 


137.5 


493.9 


631.4 


87.1 


78.4 


2.0 


972.0 


55.1 


1,82 


June 


126.3 


500.5 


626.8 


57.9 


85.6 


2.0 


987.7 


32.1 


1,7S 


1947— Jan. 


143.0 


533.3 


676.3 


150.1 


82.9 


1.0 


995.6 


50.0 


l,9f 




Feb. 


129.2 


493.6 


622.8 


215.7 


75.3 


1.0 


1008.7 


36.3 


1,9? 




Mar. 


147.3 


536.3 


683.5 


159.8 


64.6 


1.2 


1005.9 


30.9 


1,9< 




Apr. 


164.8 


542.6 


707.4 


195.7 


69.3 


1.0 


989.1 


34.9 


1,9< 




May 


142.4 


477.6 


620.0 


179.4 


58.5 


1.0 


1,005.7 


31.6 


1,8! 




June 


151.8 


474.4 


626.2 


105.6 


54.4 


1.0 


1,000.8 


36.0 


1,8: 




. 



(1) Deposits payable in sterling, U.S.A. and foreign gold currencies, as shown under Item 5 (a) in the Bank of Canada Statement, representing foreign exciiai 
representing foreign exchange held for account of foreign clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to theena i4 
holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that ( it 



CHARTERED BANKS •• CANADIAN SAVINGS AND CURRENT DEPOSITS 



MILLIONS OF DOLLARS 

3800 



1945-47 

MILLIONS OF DOLLARS 



3800 



3400 



3000 



2600 




3400 



3000 



2600 



MAMJ JA SONDJ 
1945 
(1) All Canadian Deposits other than Public Savings Accounts. 



M J J A 
1946 



ONDJFMAMJJA 
1947 



JUNE • JULY 1947 
) CANADA 



60 



Millions of Dollars 







ASSETS 












Reserve 


Securities 


Advances 


All 
Other 

Accounts 




old 


Silver 


Foreign (2) 
Currencies 


Total«> 
Reserve 


Reserve 
Ratio 

% 


Dom.-Prov. 
Under 

2 yrs. 


Dom.-Prov. 
Over 

2 yrs. 


Total <J) 
























Average of 






















Month-end Figures 


41.2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


S2.0 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937-12 Mths. 


10.8 


— 


41.7 


252.5 


57.72 


142.8 


46.2 


189.1 


.2 


' 6.7 


1939 


* 




* 


* 


* 


* 


* 


* 










— 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 




— 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 




— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 




— 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 




- 


173.9 


173.9 




1,028.5 


595.9 


1,634.4 


.5 


31.8 


1945 




— 


27.3 


27.3 




1,247.3 


583.4 


1,842.4 


— 


29.1 


1946 

End of 




- 


101.8 


101.8 




1,143.8 


686.2 


1,840.0 


- 


23.2 


Jan.— 1946 




- 


95.2 


95.2 




1,155.2 


688.8 


1,854.0 


- 


38.0 


Feb. 




- 


95.2 


95.2 




1,296.2 


559.9 


1,866.1 


- 


29.4 


Mar. 




- 


24.1 


24.1 




1,348.0 


553.0 


1,910.9 


- 


38.6 


Apr. 




- 


2.0 


2.0 




1,230.0 


541.1 


1,781.2 


.1 


42.8 


May 




- 


2.0 


2.0 




1,218.5 


540.7 


1,769.2 


- 


20.8 


June 


1 


_ 


1.0 


1.0 




1,196.8 


718.8 


1,930.6 


_ 


24.3 


Jan.— 1947 




- 


1.0 


1.0 




1,172.3 


738.9 


1,926.2 


- 


32.6 


Feb. 




- 


1.2 


1.2 




1,146.9 


757.5 


1,919.3 


- 


25.4 


Mar. 




- 


1.0 


1.0 




1,186.0 


751.2 


1,952.2 


4.0 


40.2 


Apr. 




- 


1.0 


1.0 




1,123.0 


731.0 


1,869.0 


- 


26.3 


May 




4.0 


4.0 




1,063.7 


716.0 


1,794.7 




25.4 


June 



osit for account of foreign clients. (2) Includes an amount of foreign exchange eflual to the amount shown under Item 5 (a) in the Bank of Canada Statement 
.he War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange 
minimum gold reserve requirement has been suspended. 

CHARTERED BANKS: TURNOVER'OF CANADIAN SAVINGS AND CURRENT DEPOSITS = 1945-47 



RATE OF TURNOVER 



RATE OF TURNOVER 



30 



25 



20 



15 



10 



RUNNING 12-MONTH TOTALS 



CURRENT DEPOSITS - 



PUBLIC SAVINGS DEPOSITS 



30 



25 



20 



15 



10 



DJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1945 1946 1947 

(1) Based on Bank Debit Statistics in 3S Clearing House Centres. (2) All Canadian Deposits other than Public Savings Accounts. 



61 



JUNE - JULY 1947 



II- 



Millions of Dollars 



-CHART] EE 

Bank ( Jw 





LIABILITIES 






Notes 


Deposits 


Cash 

in (3) 


Securities 




L 




Demand 


Notice 


Dom. 
and Prov 


Canadian 


Foreign 


Total 
Deposits 


DOM .-PROV. 


Foreign 
Govt. 


Othei 










0) 




(2) 




Under 2 yrs. 


Over 2 yrs. 




- 


Average of 


























Month-end figures 


























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


2391,4. 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


62 


181 


;r 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


106 


1611 


r 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


145 


.1 . 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


209 


154 


,3 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,863 


1,575 


228 


19:: 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


271 i- 


1946-Jan. 


25 


1,948 


2,963 


899 


5,807 


783 


6,719 


653 


1,435 


2,212 


244 


20:4 


Feb. 


25 


1,995 


3,078 


757 


5,835 


791 


6,758 


658 


1,384 


2,261 


258 


214 


Mar. 


24 


1,985 


3,170 


626 


5,786 


800 


6,712 


643 


1,671 


2,028 


251 


24119: 


Apr. 


24 


2,179 


3,238 


482 


5,911 


837 


6,878 


710 


1,652 


2,056 


277 


25 f 


May 


24 


2,207 


3,306 


369 


5,893 


842 


6,858 


631 


1,634 


2,092 


304 


27 i 3 ■ 


June 


23 


2,150 


3,363 


242 


5,780 


851 


6,761 


627 


1,593 


2,089 


318 


27 i 


1947-Jan. 


21 


2,087 


3,533 


613 


6,271 


819 


7,203 


676 


1,333 


2,377 


278 


38J 


Feb. 


21 


2,145 


3,586 


440 


6,211 


864 


7,184 


623 


1,139 


2,387 


319 


411 


Mar. 


21 


1,996 


3,619 


573 


6,232 


885 


7,221 


684 


1,148 


2,429 


260 


40 1 


Apr. 


20 


2,166 


3,637 


553 


6,404 


880 


7,386 


707 


1,077 


2,548 


304 


41-4 


May 


20 


2,053 


3,682 


330 


6,125 


847 


7,075 


620 


875 


2,602 


295 


3£f6 


June 


20 


2,186 


3,644 


322 


6,208 


867 


7,181 


626 


786 


2,643 


299 


44 i 





(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Dep i 

CHARTERED BANKS ; CANADIAN SAVINGS DEPOSITS AND DOMINION GOVERNMENT 
SECURITIES OVER 2 YEARS MATURITY : 1945-47 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

4ooor 



3500 



3000 



2500 



2000 



1500 



1000 




4000 



3500 



3000 



2500 



2000 



1500 



1000 



' 



DJFMAMJJASONDJFMAMJJASONDJFMAMJJASOMD 
1945 1946 1947 

(1) Excluding securities temporarily held re public purchases of Victory Bonds on official installment plans. 



JUNE - JULY 1947 



62 



ID BANKS 

\ada 



Millions of Dollars 



ASSETS 



>tal 



533 

499 

S96 

1426 

1727 
2)73 
2714 
5553 
3*58 
4>87 

4100 
4 19 
4 97 
4143 

4104 
,75 

169 
4:64 
139 
149 
62 
31 



Loans 



CANADA 



Call 



140 

267 
117 
107 

34 
29 
35 
62 
130 
132 

210 
200 
148 
152 
125 
115 

134 

155 

121 

97 

81 

106 



Current 
Public 



934 
1,343 
1,032 

732 

1,091 
1,075 
1,053 
1,022 
1,100 
1,223 

1,174 
1,151 
1,133 
1,114 
1,140 
1,148 

1,448 
1,468 
1,507 
1,581 
1,623 
1,667 



Current 
Other 



87 

112 
165 
117 

95 
80 
62 

44 
35 

44 

39 
43 
48 
46 
46 
40 

33 
38 
48 

47 
41 
42 



ABROAD 



Call 



250 
301 

84 
68 

44 
56 
81 
100 
108 
87 

102 
110 
106 
106 
90 
74 

85 
73 
84 
79 
75 
79 



Current 



261 
248 
172 
165 

133 

127 
102 
114 
131 
155 

145 
147 
149 
152 
150 
154 

181 
191 

188 
200 
207 
191 



Total 
Assets 



2,864 
3,528 
2,869 
3,317 

4,008 
4,400 
5,149 
5,990 
6,743 
7,430 

7,190 
7,233 
7,193 
7,374 
7,361 
7,270 

7,768 
7,751 
7,799 
7,970 
7,649 
7,750 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (j) 
Canada 


Deposits 
«> 


Canadian 
Deposits 


Note (5) 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672 


5,916 


11.4 


992 


1946 


677 


5,815 


11.6 


962 


Jan -1946 


653 


5,734 


11.4 


965 


Feb. 


639 


5,765 


11.1 


978 


Mar. 


663 


5,781 


11.5 


985 


Apr. 


683 


5,795 


11.8 


979 


May 


657 


5,789 


11.3 


983 


June 


711 


6,185 


11.5 


1,000 


Jan -1947 


685 


6,290 


10.9 


1,000 


Feb. 


671 


6,103 


11.0 


1,013 


Mar. 


691 


6,233 


11.1 


1,013 


Apr. 


677 


6,172 


11.0 


1,005 


May 


648 


6,178 


10.5 


1,003 


June 



area given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after, 
li: of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 

CHARTERED BANKS: DOMINION GOVERNMENT SECURITIES UNDER 2 YEARS 
AND CANADIAN LOANS 8. OTHER' SECURITIES M945-47 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

2400 MONTH-END FIGURES 2400 



2000 



1600 



1200 



800 








DOMINION GOVT. SECURITIES i*\ 

UNDER 2 YEARS MATURITY 



2000 



1600 



1200 



800 



DJFMAMJJASONDJFMAMJJASONDJFMAMJJASOND 
1945 1946 1947 

(1) Excluding temporary borrowings re public purchases of Victory Loans and Canadian Savings Bonds incurred at time of issue. 



63 



JUNE -JULY 1947 



III— SECURITY PRICES 

Bank of Canada 





Dominion 


of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






3% Perpetuals 


Theoretical 
15 Year 

Bond 


Theoretical 
9 Year 

Bond 


Theoretical 

5 Year 

Bond 


Theoretical 
2 Year 

Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 


Annual Average 

1941 


92.23 


3.26 


3.10 


2.92 


2.11 


1.40 


1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 


1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 


1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 


1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 


1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 


Monthly 

1946— May 


103.88 


2.75 


2.60 


2.31 


1.68 


1.38 


June 


103.81 


2.75 


2.60 


2.31 


1.68 


1.40 


July 


103.86 


2.75 


2.59 


2.31 


1.68 


1.40 


Aug. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Sept. 


103.75 


2.76 


2.60 


2.31 


1.68 


1.40 


Oct. 


103.81 


2.75 


2.60 


2.32 


1.70 


1.39 


Nov. 


103.90 


2.74 


2.60 


2.30 


1.68 


1.39 


Dec. 


103.95 


2.74 


2.60 


2.31 


1.70 


1.40 


1947— Jan. 


103.88 


2.74 


2.60 


2.31 


1.72 


1.41 


Feb. 


103.88 


2.74 


2.59 


2.29 


1.73 


1.41 


Mar. 


103.88 


2.74 


2.59 


2.28 


1.74 


1.42 


Apr. 


103.88 


2.74 


2.60 


2.28 


1.75 


1.43 


May 


103.88 


2.74 


2.59 


2.27 


1.76 


1.44 


June 


103.88 


2.74 


2.57 


2.26 


1.75 


1.44 


July 


104.08 


2.73 


2.55 


2.23 


1.74 


1.45 



YIELDS OF DOMINION GOVERNMENT BONDS : 1936-47 

PAYABLE IN CANADA ONLY 
Quotations for 1st and 15th of each month 



22% 




1936 1937 1936 1939 1940 1941 1942 1943 1944 I94S 1946 1947 

1. Prior to 1940 figures are for the 1st of month. 2. 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. 3 Aug. 1st. 






JUNE - JULY 1947 



64 











III— SECURITY 


PRICES 


















Bank of Canada 














Government Bonds 


3 Mon 


th Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada a) 


u. k.<« 


U.S.A. o> 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 






Annual Average 

1944 






100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 




1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


.365 


.895 


.375 




1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 




1946— Mar. 


104.96 


2.61 


103.51 


2.68 


106.77 


2.04 


.362 


.506 


.375 




Apr. 


104.99 


2.60 


105.12 


2.54 


106.93 


2.03 


.373 


.508 


.375 




May 


104.68 


2.63 


105.11 


2.53 


105.24 


2.14 


.385 


.504 


.375 




June 


104.81 


2.61 


104.62 


2.57 


105.65 


2.11 


.393 


.505 


.375 




July 


104.83 


2.61 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


.375 




Aug. 


104.75 


2.62 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


.376 




Sept. 


104.75 


2.61 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


.375 




Oct. 


104.75 


2.61 


106.58 


2.39 


103.99 


2.22 


.395 


.506 


.375 




Nov. 


104.79 


2.61 


108.46 


2.22 


104.09 


2.21 


.396 


.507 


.376 




Dec. 


104.77 


2.61 


108.35 


2.22 


104.19 


2.20 


.396 


.500 


.375 




1947— Jan. 


104.76 


2.61 


108.54 


2.20 


104.68 


2.17 


.399 


.500 


.375 




Feb. 


104.83 


2.60 


107.65 


2.28 


104.78 


2.16 


.399 


.506 


.376 




Mar. 


104.85 


2.60 


105.54 


2.47 


105.07 


2.14 


.399 


.506 


.376 




Apr. 


104.75 


2.60 


106.01 


2.42 


105.04 


2.14 


.407 


.510 


.376 




May 


104.89 


2.59 


106.47 


2.37 


104.97 


2.14 


.407 


.505 


.376 




June 


105.00 


2.58 


105.84 


2.43 


104.58 


2.17 


.407 


.506 


.376 




July 


105.00 


2.58 


104.20 (4) 


2.58 w 


104.18 


2.20 


.408 


.504 


.594 



(1) Dominion of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. IS, 1959-69. 
not eligible for commercial banks before Dec. 1, 1952. (4) July 1-16. 



(3) U.S. Treasury l\i% due Dec. 15. 1963-68 is 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA, U.K. & U.S.A.: 1946-47 

Daily Opening Quotations 



}|/, 




* Security is not eligible for commercial banks before Dec. 1, 1952. (1) July 16. 



65 



JUNE - JULY 1947 



IV 



Par Values in Millions of Canadian Dollars 



BOND ISSUES AND RETIREMENTS'" 

* Bank of Canada 





I-Dominion Direct & Guaranteed 
and Other C.N.R. 




II-Provincial Direct and Guaranteed 




New Issues 


Retirements 


Net New 

Issues or 

Retirements 


New Issues 


Retirements 


Net New 

Issues or 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1942 


2,072.7 


534.4 


1,538.3 




13.8 


129.6 


133.0 


44.9 


34.6 


1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.1 


18.0 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.3 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


64.0 


23.3 


1946 


913.5 


866.1 


47.4 




57.8 


73.4 


68.7 


66.6 


4.1 


First Half 




















1943 


1,445.5 


216.4 


1,229.1 




6.7 


80.4 


78.9 


28.5 


20.3 


1944 


1,436.8 


161.6 


1,275.3 




5.1 


34.6 


24.7 


48.5 


33.5 


1945 


1,590.1 


18.0 


1,572.1 




16.9 


47.1 


28.1 


31.1 


4.9 


1946 


16.7 


409.0 


392.3 




29.9 


31.1 


18.3 


32.7 


10.0 


1947 


88.0 


456.6 


368.6 




97.6 


67.1 


44.5 


30.5 


89.6 





III-CORPORATIONS 




New 


SSUES 


Retirements 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1942 


7.9 


39.1 


41.8 


80.2 


75.0 


1943 


22.7 


38.9 


38.9 


84.3 


61.7 


1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


77.2 


107.3 


110.2 


76.3 


2.0 


1946 


104.5 


459.7 


459.8 


121.4 


17.0 


First Half 












1943 


16.9 


34.1 


10.6 


51.0 


10.6 


1944 


23.0 


68.9 


55.0 


36.4 


.4 


1945 


16.8 


94.2 


88.3 


51.2 


28.5 


1946 


63.4 


277.9 


248.5 


71.0 


21.8 


1947 


84.5 


172.4 


169.7 


54.0 


33.1 



I+II+I1I 



Net New 

Issues or 

Retirements 



1,428.7 
2,377.9 
2,519.8 
3,478.5 
26.3 



1,198, 
1,242, 
1,548, 

360 



245.8 



IV-Dominion Treasury Bills. 


Deposit Certificates and Short- 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


633 


1,708 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


360 


2,068 


175 


2,418 


55 


2,436 


- 


1,796 


171 


1,375 



Par Values in Millions of Canadian Dollars 



SUMMARY OF CHANGES IN CURRENCY OF PAYMENT 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 
* AND CORPORATION BONDS 



(D 





NEW ISSUES were payable in: 


RETIREMENTS were payable in: 




Net Increase or 
Net Decrease 














In Bonds Outstand- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


ing Payable: 




in Canada 

only 


Abroad 


Calendar Years 




























1942 


2,231.9 


30.1 


.6 


.4 


2,263.1 


406.4 


12.6 


49.3 


97.6 


268.6 


834.4 


1,825.5 


396.9 


1943 


3,113.9 


143.3 


.2 


.4 


3,257.8 


526.4 


260.6 


52.3 


21.8 


18.7 


879.9 


2,587.5 


209.5 


1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.1 


27.6 


63.5 


100.6 


23.6 


850.4 


2,634.8 


115.1 


1945 


3,871.7 


49.0 


77.9 


.4 


3,999.1 


278.2 


73.2 


52.0 


101.0 


16.1 


520.5 


3,593.5 


115.0 


1946 


1,433.0 


175.9 


- 


- 


1,608.9 


1 ,083.9 


317.2 


109.9 


60.7 


10.9 


1,582.5 


349.1 


322.8 


First Half 




























1943 


1,448.1 


135.0 


.2 


.2 


1,583.5 


212.9 


137.0 


9.2 


15.1 


11.1 


385.3 


1,235.2 


37.0 


1944 


1,496.5 


61.4 


9.4 


1.1 


1,568.3 


248.4 


15.7 


48.2 


8.8 


5.0 


326.1 


1,248.0 


5.8 


1945 


1,693.7 


26.9 


44.2 


.2 


1,765.1 


86.6 


5.9 


25.5 


94.4 


4.3 


216.7 


1,607.1 


58.7 


1946 


302.4 


116.6 


- 


- 


419.0 


455.5 


224.5 


79.6 


12.5 


7.4 


779.5 


153.2 


207.4 


1947 


504.6 


5.0 


— 


— 


509.6 


568.4 


43.4 


37.8 


91.7 


14.0 


755.3 


63.8 


182.0 



* Issues payable in foreign currency are included at the par of exchange up to Sept. 15, 1939. but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. (1) Subject to revision. Provincial Treasury Bills are excluded. Dominion Treasury Bills. Deposit Certificates and 
short-term notes sold directly to Bank of Canada and the chartered banks are not included in Heading I but are shown separately in Heading IV. Because of 
lack of sufficient data no tabulation in respect of municipalities and religious institutions was possible. However, the net reduction of total municipal bonded 
debt less sinking funds has been (in millions of dollars) approximately 61, 53, 27, 39 and 6, in the years 1942 to 1946, respectively. 



JUNE - JULY 1947 

V— ESTIMATED FOREIGN CAPITAL INVESTED IN CANADA 

CLASSIFIED BY TYPE OF INVESTMENT 

Millions of Can. Dollars Dominion Bureau of Statistics 



66 



1939 AND 1945t 





1939 


1945 


As at Dec. 31 


U.S.A.") 


U.K.") 


Other 


Total 


U.S.A.") 


U.K.") 


Other 


Total 


Government Securities 
Dominion 


567 
473 
181 


238 
58 

157 


18 
5 
6 


823 
536 
344 


682 
574 
194 


40 

112 


44 
5 
6 


726 


Provincial 


619 


Municipal 


312 






Total 


1,221 

588 
432 


453 

1,215 
89 


29 

67 

28 


1,703 

1,871 
549 


1,450 

720 
373 


152 

809 
93 


55 

72 
29 


1,657 


Public Utilities 

Railways 


1,601 


Other 


495 






Total 


1,020 

1,160 
251 
129 
201 
64 
105 


1,305 

257 
61 
55 

221 

4 

120 


95 

28 
17 

5 
51 

1 
60 


2,420 

1,445 
329 
189 
473 
69 
285 


1,093 

1,479 
318 
165 
285 
62 
130 


902 

297 
63 
57 

205 
5 

85 


101 

40 
19 

5 
56 

2 
69 


2,096 


Manufacturing 

Mining & Smelting 

Merchandising 


1,816 
400 
227 


Financial Institutions. . . 

Other Enterprises 

Miscellaneous Assets . . . 


546 

69 

284 


Total Investment 


4,151 


2,476 


286 


6,913 


4,982 


1,766 


347 


7,095 



t Preliminary. (1) Includes some investments held in the United States and the United Kingdom for residents of other countries. 



ESTIMATED CANADIAN INVESTMENT ABROAD : 1939 and 1945t 
classified by type of investment 

Millions of Can. Dollars Dominion Bureau of Statistics 



As at Dec. 31 


1939 


1945 


U.S.A. 


U.K. 


Other 


Total 


U.S.A. 


U.K. 


Other 


Total 


Direct Investment 

Portfolio Investment 
Stocks 


412 

380 
121 


59 

22 
21 


200 

109 
66 


671 

511 
208 


455 

317 

92 


54 

26 

27 


211 

111 

48 


720 
454 


Bonds 


167 






Total 


501 


43 

* 


175 

31 

* 


719 

31 

444 


409 

* 


53 

561 

* 


159 

146 
* 


621 


Government Credits 

(2) 

Official Liquid Reserves 


707 
1,667 


Total Investment 


* 


* 


* 


1,865 


* 


# 


* 


3,715 



t Preliminary. * Not available. (2) Including holdings of gold which at the end of 1945 had a Canadian dollar value of $388 million. 

FOOTNOTES 

The footnotes below refer to tables on pages 67 to 77 inclusive. 



* The sample consists of all companies in the industrial classification 
specified which were covered in the tables shown on pages 81 and 82 
of the Oct.-Nov. 1946 issue of the Statistical Summary. 

(1) For purposes of comparability, any special capital charges made against 
income account in company reports have been added back as well as 
"contingent" and "general" reserves. Special inventory reserves, 
whether shown by the company in operating expenses or as adjustment 
to earned surplus, have been deducted in arriving at Net Operating 
Profit. 

(2) Includes depletion and deferred development provision where charged 
by the company. 

(3) The Source and Use of Funds Statement is designed to show net cash 
received from all sources and paid out for all purposes; revaluations 
or purely bookkeeping transactions which affect items of the Balance 
Sheet, particularly Plant, Property and Equipment, Preferred and 
Common Stock outstanding and, in a few instances. Funded Debt, 
are so far as possible eliminated from the Source and Use of Funds 
Statement. 



(4) Includes amortization of bond discount. 

(5) After adjustments relating to tax accruals and other transactions of 
previous years. 

(6) Special inventory reserves have been deducted. 

(7) Reserves for depreciation and depletion have been deducted. 

(8) Includes current accounts receivable from subsidiaries and fixed 
investment in subsidiaries less current and non-current accounts 
payable to subsidiaries. 

(9) Includes goodwill, franchises, bond discount and other deferred 
charges, deferred development etc., less pension fund reserves, in- 
surance reserves and advance payments on contracts. 

(10) Bonds and mortgages outstanding less sinking fund. 

(11) Includes contingent and general reserves, capital surplus and the 
refundable portion of the Excess Profits Tax. 



67 



VI— FINANCIAL STATISTICS 

Bank of Canada 



JUNE - JULY 1947 
52 FOOD PRODUCTS COMPANIES* 



Mill to ns of Dollars 



PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)* 1 * 


17.0 
5.6 
1.2 
1.6 

11.0 
2.2 


16.9 
5.8 
1.0 
1.6 


16.9 
5.9 
1.0 
1.4 


26.0 

6.1 

.9 

1.4 


24.1 

6.1 

.9 

1.3 


29.1 
6.5 
1.0 
1.3 


33.1 
6.6 

1.0 

1.2 


35.4 
6.6 
1.2 
1.1 


36.9 
6.6 
1.2 
1.0 

30.5 
17.5 


34 7 




6 5 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


1.2 

.9 


Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 


10.5 
2.0 


10.6 

2.1 


19.4 
4.9 


17.6 
7.1 


22.3 
11.0 


26.3 
13.7 


28.9 
16.4 


28.5 
16.3 


Net Income to Stockholders'" 


8.8 

6.0 


8.5 

5.2 


8.5 

7.7 


14.5 

7.0 


10.5 

7.6 


11.3 

9.9 


12.6 

.8 
7.1 


12.5 

2.0 
6.3 


13.0 

2.5 
7.6 


12.2 


Forced Saving (Refundable Portion of Excess Profits Tax) 


1.3 
6.6 






Undistributed Income (ex. Forced Saving) '" 


2.8 


3.3 


.8 


7.5 


2.9 


1.4 


4.7 


4.2 


2.9 


4 3 







SOURCE AND USE OF FUNDS"' 



Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) , 
Cash Dividends 



Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges 

Other Non-cash Charges Against Current Income <2) '*'. . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



8.8 


8.5 


8.5 


14.5 


10.5 


11.3 


12.6 


12.5 


13.0 


6.0 


5.2 


7.7 


7.0 


7.6 


9.9 


7.1 


6.3 


7.6 


2.8 


3.3 


.8 


7.5 


2.9 


1.4 


5.5 


6.2 


5.4 


5.6 


5.8 


5.9 


6.1 


6.1 


6.5 


6.6 


6.6 


6.6 


.1 


— 


— 


— 


— 


— 


— 


— 


- 


8.5 


9.1 


6.7 


13.6 


9.0 


7.9 


12.1 


12.8 


12.0 


.1 


.6 


- 


- 


- 


- 


.3 


.4 


1.2 


8.6 


9.7 


6.7 


13.6 


9.0 


7.9 


12.4 


13.2 


13.2 


5.8 


7.1 


4.4 


4.4 


4.8 


5.3 


3.7 


3.5 


4.5 


9.8 


.6 


2.2 


8.8 


.8 


18.2 


10.1 


9.4 


4.3 


.6 


.4 


.4 


.3 


1.6 


1.5 


1.7 


2.5 


2.9 


- 


- 


- 


- 


- 


- 


.8 


2.0 


2.5 


.9 


.1 


.8 


2.8 


1.2 


1.6 


1.8 


2.0 


.3 


1.0 


.3 


.1 


- 


- 


- 


.1 


.2 


1.1 


1.2 


.3 


.5 
.6 


1.0 


.8 


.2 


.6 
6.0 


6.1 


- 


16.9 


8.0 


17.3 


7.6 


26.4 


25.7 


4.2 


8.3 
8.6 


1.7 


6.1 


3.7 


1.4 


18.5 


18.4 


12.5 


9.0 


9.7 


6.7 


13.6 


9.0 


7.9 


12.4 


13.2 


13.2 



Net Use of Funds 
Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) . 

Sub-Total 

Increase in Working Capital ex. Inventories* 5 ' . 



Total Net Uses of Funds. 



YEAR-END BALANCE 


SHEET 














Net Working Capital and Other Assets 


5.3 
17.6 
16.9 

40.4 


9.5 
16.2 
16.1 

41.0 


11.6 
16.7 
16.2 

38.8 


12.5 
17.7 
22.0 

47.6 

99.8 

11.5 

14.4 

5.9 

1.2 


11.1 
18.6 
26.9 

48.5 


7.5 
17.6 
35.3 

66.6 


16.0 
21.5 
33.4 

56.6 


13.1 
30.0 
26.7 
4.9 
66.0 


16.5 

28.8 

28.6 

5.0 

61.7 


15.6 


Marketable Securities 


31.3 


Current Accounts Receivable 


25.5 


Government Account (Net) 


3.7 




61.9 






Total Current Assets 


80.2 
9.2 

10.9 
3.1 
1.8 


82.8 
9.9 

11.2 

3.1 

.9 


83.3 
8.9 
8.4 
3.1 
1.4 


105.1 

12.7 

14.1 

8.5 

1.1 


127.0 

19.4 

25.0 

13.2 

1.1 


127.5 

16.8 

20.6 

12.2 

1.0 


140.7 

19.0 

25.8 

15.8 

1.1 


140.6 
20.9 
16.8 
18.0 

1.4 


138.0 


Current Accounts Payable 


22.8 
11.8 


Accrued Taxes Payable 


16.3 


Accrued Interest and Dividends Payable 


1.4 






Net Working Capital 


55.2 

81.0 

4.6 

14.2 

155.0 


57.7 

82.3 

4.5 

13.4 


61.5 

80.8 
3.8 

10.7 

156.8 


66.8 

79.0 

3.8 

10.3 


68.7 

77.8 
5.2 
9.8 

161.5 


68.3 

76.1 

6.7 

10.2 


76.9 
.8 

73.3 
4.8 
9.8 


79.0 
2.8 

69.8 
7.2 

10.2 


83.5 

5.3 

67.5 

10.3 

9.9 

176.5 


85.7 


Refundable Portion of Excess Profits Tax 


6.7 


Plant, Property and Equipment (Net)'" 


69.9 


Investment in Other Companies (Net)' 8 ' 


9.2 


Miscellaneous Assets Less Miscellaneous Liabilities'" 


9.6 


Total 


157.9 


159.9 


161.3 


165.6 


169.0 


181.1 






Capital and Surplus 

Funded Debt' 10 ' 


29.8 
1.3 
26.3 
61.8 
35.8 


29.9 
1.5 
26.0 
61.5 
39.0 


30.5 
2.0 
24.8 
61.6 
37.9 


27.7 
1.0 
24.8 
61.2 
45.2 


26.5 
1.8 
24.8 
60.7 
47.7 


24.9 
1.7 
24.7 
60.3 
49.7 


23.0 

1.8 
24.7 
60.5 
55.6 


20.9 
1.2 
22.0 
60.2 
64.7 


21.0 
1.0 
23.3 
61.4 
69.8 

176.5 


18.2 


Loans from Parent and Other Companies (Net) 




Preferred Stock Outstanding 


22.3 


Common Stock Outstanding 


62.2 


Earned Surplus and Surplus Reserves' 1 " 


78.4 






Total 


155.0 


157.9 


156.8 


159.9 


161.5 


161.3 


165.6 


169.0 


181.1 







Note: for footnotes see page 66. 



JUNE - JULY 1947 

VI— FINANCIAL STATISTICS 



68 



Millions of Dollars 



37 PRIMARY TEXTILE COMPANIES' 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)"' 


12.6 

4.7 
1.5 

.7 


12.2 
4.6 
1.5 

.7 

8.4 
1.6 


9.1 
4.0 
1.4 

.7 


17.5 
5.3 
1.5 

.7 


25.6 

5.9 

1.6 

.6 


35.8 

6.5 

1.9 

.6 


35.5 
6.3 

1.9 
.5 


21.7 

4.6 

2.0 

.5 


23.6 

5.1 

1.9 

.6 


21.9 




4.5 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


2.0 

.7 


Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


8.7 
1.6 

7.1 

6.0 


5.8 
1.1 


13.0 
3.1 


20.7 
11.8 


30.6 
20.4 


30.6 
19.6 


18.6 
9.6 

9.0 

1.0 
6.5 


19.8 
9.4 


18.7 
9.2 


Net Income to Stockholders'" 


6.8 

6.0 


4.7 

5.6 


9.9 

6.4 


8.9 

6.4 


10.2 

6.6 


11.0 

2.0 
6.7 


10.4 

.9 

6.5 


9.5 


Forced Saving (Refundable Portion of Excess Profits Tax) 


.8 
6.5 






Undistributed Income (ex Forced Saving)'" 


1.1 


.8 


.9 


3.5 


2.5 


3.6 


2.3 


1.5 


3.0 


2.2 







SOURCE AND USE OF 


FUNDS'" 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 


7.1 
6.0 


6.8 
6.0 


4.7 
5.6 


9.9 
6.4 


8.9 
6.4 

2.5 
5.9 


10.2 
6.6 


11.0 
6.7 


9.0 
6.5 

2.5 

4.6 

7.1 
.6 

7.7 


10.4 
6.5 


9.5 
6 5 






Undistributed Profits (incl. Refundable EPT) 


1.1 

4.7 


.8 

4.6 


.9 
4.0 

3.1 

3.1 


3.5 

5.3 


3.6 

6.5 


4.3 
6.3 

10.6 

10.6 


3.9 
5.1 


3 




4 5 


Other Non-cash Charges Against Current Income C2) C4) . . . . 




Total Funds From Current Income 


5.8 

.7 


5.4 


8.8 
8.8 


8.4 


10.1 


9.0 
.7 

9.7 


7 5 


Issue of Common Stock 


.2 






Total Net Sources of Funds 


6.5 


5.4 


8.4 


10.1 


7.7 






Net Use of Funds 


3.1 

1.7 

.3 

.2 

.7 
.3 


4.1 

2.0 

.6 

.2 
.2 
.1 


2.8 

2.6 

.2 

.2 
.5 


3.4 

1.3 

.3 

.4 

.3 


5.5 
6.2 
1.1 

.1 
.5 

.2 


4.1 
3.8 

1.6 
.9 
.2 


2.9 
1.8 
1.6 

2.0 
.5 

.5 


1.7 
8.5 
.4 
1.0 
.8 
.6 
.3 


3.3 
2.6 
.3 
.9 
6.1 
1.9 
2.7 


3 9 




1 9 




4 


Investment in Refundable Excess Profits Tax 


8 


Redemption of Funded Debt 


2 


Redemption of Preferred Stock 


1 


Increase in Misc. Assets (less Misc. Liabilities) 


2 9 






Sub-Total 


5.7 
.8 


7.2 
1.8 


.3 
3.4 


5.1 
3.7 


11.4 
3.0 


10.6 
.5 


5.1 

5.5 


4.5 
12.2 


.4 
9.3 


10 2 


Increase in Working Capital ex. Inventories' 5 ' 


2 5 






Total Net Uses of Funds 


6.5 


5.4 


3.1 


8.8 


8.4 


10.1 


10.6 


7.7 


9.7 


7.7 







YEAR-END BALANCE 


SHEET 














Net Working Capital and Other Assets 
Cash 

Marketable Securities 


4.3 
11.4 
11.2 
21.1 


3.4 
11.4 
10.1 
23.1 


4.9 
12.0 

8.8 
20.5 


6.7 
12.5 
14.3 
21.7 


7.2 
16.6 
15.4 
28.0 


9.9 
20.8 
18.4 
31.8 


9.5 
26.1 
17.4 
33.6 


9.8 
30.3 
14.2 
25.0 


12.4 
33.2 
17.1 
22.3 


9.7 
38.7 


Current Accounts Receivable 


14.8 


Inventories' 6 ' 


24.3 






Total Current Assets 


48.0 
5.6 
2.2 
1.8 

.5 


48.0 
4.9 
2.8 
1.8 

.4 


46.2 
4.0 
1.5 
1.5 

.3 


55.2 
6.0 
1.4 
3.5 

.4 


67.2 
7.2 
2.0 

11.2 

.4 


80.9 
7.8 
3.8 

19.2 

.6 


86.6 

6.8 

4.8 

17.7 

.4 

.6 


79.3 
7.8 
3.1 
7.3 

.7 
.5 


85.0 

6.7 

2.2 

8.2 

.2 

.5 

67.2 

3.4 

46.0 

11.0 

1.8 


87 5 


j i Current Accounts Payable 


8 4 


• ( Bank Loans 


3 7 


Accrued Taxes Payable 


7 3 


■ ' Government Account (Net) 




Accrued Interest and Dividends Payable 


.5 






Net Working Capital 


37.9 

63.3 

13.9 

2.7 


38.1 

62.8 

14.5 

2.5 


38.9 

59.3 

14.3 

2.0 


43.9 

57.4 

14.5 

1.5 


46.4 

57.0 

13.5 

1.5 


49.5 

54.6 

13.6 

1.6 


56.3 

2.0 

51.1 

12.0 
2.0 


59.9 

2.9 

48.9 

11.5 

1.5 


67.6 


Refundable Portion of Excess Profits Tax 


4.1 


, Plant, Property and Equipment (Net)'" 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'" .... 


47.9 

11.5 

2.6 


Total 


117.8 


117.9 


114.5 


117.3 


118.4 


119.3 


123.4 


124.7 


129.4 


133.7 






Capital and Surplus 

Funded Debt' 10 ' 


14.3 

.2 
26.3 
51.3 
25.7 


14.0 
.2 
26.1 
51.3 
26.3 


14.0 

.4 
26.0 
49.1 
25.0 


13.7 
.4 
26.0 
49.1 
28.1 


13.6 

.4 
25.5 
49.1 
29.8 


11.9 
.4 
24.6 
49.2 
33.2 


11.4 
.4 
24.6 
49.2 
37.8 


9.3 

.3 

24.0 

49.8 

41.3 


15.5 
.1 
22.1 
50.1 
41.6 


15.3 


. Loans from Parent and Other Companies (Net) 


.1 


Preferred Stock Outstanding 


22.1 


' Common Stock Outstanding 


50.4 


Earned Surplus and Surplus Reserves' 11 ' 


45.8 


ml i Total 




117.8 


117.9 


114.5 


117.3 


118.4 


119.3 


123.4 


124.7 


129.4 


133.7 


w 




-""^ Note: for footnotes see page 66. 



69 



JUNE - JULY 1947 
25 PULP AND PAPER PRODUCTS COMPANIES* 



Millions of Dollars 



VI— FINANCIAL STATISTICS 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


lltt'.i 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)"' 


26.5 

14.6 

.1 

9.8 


36.0 

17.8 

.5 

10.0 


26.0 

15.0 

.5 

10.0 

1.5 
1.2 


37.5 

16.7 

.5 

10.7 

10.6 
2.9 


65.0 

25.8 

.9 

11.2 


74.4 

26.4 

1.3 

11.0 


62.4 

26.9 

1.4 

10.4 


62.6 

27.0 

1.7 

10.1 


65.8 

26.3 

1.4 

9.7 


63.9 




24.9 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


2.0 
9.1 


Net Profit before Income & E. P. Tax Provision") 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


2.2 
.9 


8.7 
2.0 


28.9 
13.5 


38.3 
21.6 


26.5 
13.5 


27.2 
15.0 


31.2 
16.8 


31.9 
16.1 


Net Income to Stockholders ' 


1.3 

2.1 


6.7 

2.6 


.3 

2.3 


7.7 

4.6 


15.4 

7.6 


16.7 

8.2 


13.0 

.4 
6.8 


12.2 

1.0 
6.2 


14.4 

1.5 
8.2 


15.8 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


1.0 
8.7 






Undistributed Income (ex. Forced Saving)"' 


.8 


4.1 


2.0 


3.1 


7.8 


8.5 


5.8 


5.0 


4.7 


6.1 







SOURCE 


AND USE OF FUNDS"' 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 

Cash Dividends 


1.3 
2.1 


6.7 
2.6 


.3 
2.3 


7.7 
4.6 


15.4 
7.6 


16.7 
8.2 


13.0 
6.8 


12.2 
6.2 


14.4 
8.2 


15.8 
8.7 






Undistributed Profits (incl. Refundable EPT) 


.8 

13.3 

1.8 


4.1 

16.2 

2.1 


2.0 

13.6 

1.9 


3.1 

15.7 

2.9 


7.8 

23.8 

2.4 


8.5 

24.4 
2.4 


6.2 

25.0 

2.3 


6.0 

25.3 

2.0 

33.3 
5.1 

28.2 


6.2 

24.5 
2.0 


7.1 


Depreciation Charges 


22.9 


Other Non-cash Charges Against Current Income (2) M ' . . . . 


2.3 


Total Funds From Current Income 


14.3 
3.9 


22.4 
1.1 


13.5 


21.7 
21.7 


34.0 
2.9 


35.3 


33.5 


32.7 
.5 


32.3 


Issue of Common Stock 








Total Net Sources of Funds 


18.2 


23.5 


13.5 


36.9 


35.3 


33.5 


33.2 


32.3 






Net Use of Funds 

Investment in Plant, Property and Equipment 


7.7 

2.6 

.5 

4.5 

.6 

2.2 


17.2 
16.0 

.8 

.3 
1.1 
8.3 


3.5 
4.3 

7.9 

5.3 
.3 

5.7 


4.6 

6.1 

.5 

3.5 

.6 
1.2 


9.5 
7.6 
1.2 

7.0 

.6 

5.4 


10.3 
3.1 

.7 

9.9 

.1 

1.5 


12.0 

7.0 

.2 

.4 

5.7 

7.0 


3.0 
7.6 

.6 
1.0 
2.2 

.7 
4.5 


11.1 
7.4 
1.0 
1.5 
8.8 
.1 
1.7 


19.5 


Investment in Inventories 


12.0 


Investment in Other Companies 


1.1 


Investment in Refundable Excess Profits Tax 


1.0 


Redemption of Funded Debt 


4.9 


Redemption of Preferred Stock 


.2 


Increase in Misc. Assets (less Misc. Liabilities) 


3.7 






Sub-Total 


12.5 
5.7 


24.9 
1.4 


11.2 
2.3 


4.3 
17.4 


31.3 
5.6 


25.6 
9.7 


18.3 
15.2 


5.8 
34.0 

28.2 


28.2 
5.0 


42.4 


Increase in Working Capital ex. Inventories* 5 ' 


10.1 






Total Net Uses of Funds 


18.2 


23.5 


13.5 


21.7 


36.9 


35.3 


33.5 


33.2 


32.3 







YEAR-END BALANCE 


SHEET 














Net Working Capital and Other Assets 

Cash 


4.9 

7.1 

22.1 

48.9 


4.1 

6.2 

22.3 

64.9 


5.3 

4.6 

20.7 

69.1 


9.9 

5.2 

27.6 

63.0 


18.7 

7.4 
27.6 
70.6 


29.3 

7.0 

34.3 

73.7 


20.6 
26.8 
32.2 
80.7 


24.6 
50.9 
36.0 
73.1 

184.6 

19.8 

5.4 

16.3 

3.0 


30.6 
55.6 
35.3 
80.5 


14.3 


Marketable Securities 


63.0 


Current Accounts Receivable 

Inventories' 6 ' 


36.6 
92.5 






Total Current Assets 


83.0 

13.8 

23.8 

3.1 

3.9 


97.5 

16.9 

21.5 

4.0 

2.4 


99.7 

13.4 

23.2 

2.6 

2.1 


105.7 

17.7 

11.1 

3.6 

4.1 


124.3 

20.6 

2.4 

15.6 

3.4 


144.3 

22.0 

2.6 

23.6 

3.3 


160.3 

19.9 

9.9 

11.7 

3.6 


202.0 

23.0 

5.6 

16.1 

3.1 


206.4 


Current Accounts Payable 


26.4 


Bank Loans 

Accrued Taxes Payable 


7.5 
11.9 


Government Account (Net) 


_ 


Accrued Interest and Dividends Payable 


3.0 






Net Working Capital 


38.4 

399.5 

12.2 

8.7 


52.7 

399.2 

13.7 

8.6 

474.2 


58.4 

387.6 
8.1 
8.9 


69.2 

375.3 
8.3 
8.8 


82.3 

358.3 
9.3 

7.1 


92.8 

342.5 

10.2 

8.8 


115.2 

.4 

328.9 

10.8 

6.7 


140.1 
1.5 

305.0 

10.2 

6.2 


154.2 

3.1 

290.4 

11.2 

5.4 


157.6 


Refundable Portion of Excess Profits Tax 


3.8 


Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'" 


286.8 

12.4 

6.2 


Total 


458.8 


463.0 


461.6 


457.0 


454.3 


462.0 


463.0 


464.3 


466.8 






Capital and Surplus 

Funded Debt' 10 ' 


218.5 
14.8 
89.4 
89.4 
46.7 


219.1 
21.5 
88.3 
90.5 
54.8 


213.8 
16.4 
88.1 
90.5 
54.2 


210.3 
15.0 
87.5 
90.6 
58.2 

461.6 


188.4 
9.8 

78.8 
112.7 

67.3 


177.7 
9.3 

78.6 
112.7 

76.0 


171.6 
14.6 

78.4 

112.7 

84.7 

462.0 


168.7 
17.8 
77.4 

107.7 
91.4 


159.5 
20.1 

77.2 

108.1 

99.4 


154.9 


Loans from Parent and Other Companies (Net) 


23.3 


Preferred Stock Outstanding 


73.2 


Common Stock Outstanding 


111.9 


Earned Surplus and Surplus Reserves"" 


103.5 






Total 


458.8 


474.2 


463.0 


457.0 


454.3 


463.0 


464.3 


466.8 







Note: for footnotes see page 66, 






JUNE- JULY 1947 

VI— FINANCIAL STATISTICS 



70 



Millio ns of Dollars 



55 IRON, STEEL & PRODUCTS COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


193(3 


1937 


1938 


1039 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)' 1 ' 


11.1 
4.1 

1.0 

.7 


18.3 

4.7 
.9 

.7 


14.2 

4.4 

.8 

.6 


21.5 

4.6 

1.0 

.6 


28.6 

6.3 

1.0 

.5 


44.2 

13.4 

.9 

.3 


59.3 

20.8 

.7 

.3 

38.9 
23.5 


53.4 

17.4 

.9 

.3 


40.2 

10.6 

1.0 

.2 


31.8 




7.2 


Investment and Other Non-Operating Income (Net) 


1.2 


Bond Interest (incl. Exchange & Amortization of Disc 


ount) 


.1 


Net Profit before Income & E. P. Tax Provision'" . . . 


7.3 
1.2 


13.8 
2.6 


10.0 
1.8 


17.3 
4.3 


22.8 
10.4 


31.4 
17.3 


36.6 
21.5 


30.4 
16.6 


25.7 


Income & E. P. Tax Provision (ex. Refundable Portii 


an).. 


13.1 


Net Income to Stockholders'" 


6.1 

4.1 


11.2 

5.0 


8.2 

7.3 


13.0 

6.9 


12.4 

7.7 


14.1 

7.8 


15.4 

2.2 
8.3 


15.1 

3.2 
6.8 


13.8 

1.9 
5.7 


12.6 


Forced Saving (Refundable Portion of Excess Profits 


Tax) 


1.2 
5.9 








Undistributed Income (ex. Forced Saving) '" 


2.0 


6.2 


.9 


6.1 


4.7 


6.3 


4.9 


5.1 


6.2 


5.5 







SOURCE AND USE OF FUNDS"' 



YEAR-END BALANCE SHEET 



Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 

Cash Dividends. . . 


6.1 
4.1 

2.0 
4.1 


11.2 
5.0 


8.2 
7.3 


13.0 
6.9 


12.4 

7.7 


14.1 
7.8 


15.4 
8.3 


15.1 

6.8 


13.8 

5.7 


12.6 
5.9 






Undistributed Profits (incl. Refundable EPT) 


6.2 

4.7 


.9 

4.4 


6.1 

4.6 

.1 

10.8 
.6 


4.7 

6.2 

.1 


6.3 

13.3 

.1 


7.1 

20.8 

.1 


8.3 

17.4 

.1 


8.1 
10.6 


6.7 




7.2 


Other Non-cash Charges Against Current Income < 2 > < 4 '. . . . 




Total Funds From Current Income 


6.1 

.8 


10.9 

.4 


5.3 

.8 


11.0 
.5 


19.7 

2.7 


28.0 
.1 


25.8 
1.8 

27.6 


18.7 
2.0 


13.9 




1.0 






Total Net Sources of Funds 


6.9 


11.3 


6.1 


11.4 


11.5 


22.4 


28.1 


20.7 


14.9 






Net Use of Funds 

Investment in Plant, Property and Equipment 


2.7 
2.6 

.7 

.1 
.8- 
.3 


10.5 

12.2 

.3 

.5 

1.1 

.3 


4.4 

4.3 

.2 

1.1 

3.2 


4.3 
.2 
.4 

1.0 

2.4 


10.7 
13.6 

.7 

2.6 
.9 


19.7 

9.5 

.3 

.3 
6.3 


15.0 

5.0 

.6 

2.2 

.9 

2.6 


6.5 
1.5 
1.4 
3.2 

1.4 
1.9 

10.1 
17.5 


9.8 
8.3 

1.9 

3.3 

.1 

3.2 


14.7 




2.5 


Investment in Other Companies 


.5 


Investment in Refundable Excess Profits Tax 


1.2 


Redemption of Funded Debt 


.4 




.5 


Increase in Misc. Assets (less Misc. Liabilities) 


5.6 






Sub-Total 


5.6 
1.3 


23.7 
12.4 


2.2 

8.3 


7.5 
3.9 


25.3 
13.8 


22.9 
.5 

22.4 


21.1 
7.0 


9.8 
10.9 


25.4 


Increase in Working Capital ex. Inventories' 5 ' 


10.5 






Total Net Uses of Funds 


6.9 


11.3 


6.1 


11.4 


11.5 


28.1 


27.6 


20.7 


14.9 







Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 

Total Curernt Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)"' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) . 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 1 " 



Total. 



10.3 


8.4 


13.6 


16.1 


11.5 


17.4 


17.4 


18.6 


20.6 


17.3 


14.6 


12.3 


14.5 


11.2 


14.4 


29.1 


36.6 


44.0 


13.2 


13.6 


11.7 


18.8 


26.3 


31.7 


34.2 


30.3 


26.1 


28.0 


40.2 


35.9 


36.1 


49.6 


59.2 


64.2 


62.6 


54.3 


68.8 


76.8 


73.5 


85.5 


98.6 


122.7 


144.9 


148.1 


145.0 


5.9 


8.1 


5.9 


9.6 


15.6 


24.5 


30.2 


24.1 


22.7 


1.7 


5.8 


1.7 


2.8 


3.8 


3.0 


4.1 


3.7 


3.9 


1.7 


3.2 


2.3 


4.7 


11.0 


18.7 


22.4 


15.9 


11.5 


_ 


_ 


_ 


_ 


_ 


8.3 


8.9 


6.7 


5.2 


1.9 


2.2 


1.9 


2.0 


2.3 


1.7 


1.4 


1.2 


1.2 


57.6 


57.5 


61.7 


66.4 


65.9 


66.5 


77.9 


96.5 


100.5 


- 


- 


- 


- 


- 


- . 


2.3 


5.5 


7.4 


69.7 


75.4 


74.9 


72.8 


77.1 


83.3 


77.4 


65.9 


66.1 


13.2 


12.6 


12.4 


12.0 


11.5 


10.9 


11.6 


9.9 


9.8 


2.9 


2.8 


2.3 


2.3 


2.3 


2.4 


1.3 


1.2 


2.8 


143.4 


148.3 


151.3 


153.5 


156.8 


163.1 


170.5 


179.0 


186.6 


12.1 


12.3 


11.0 


10.0 


7.4 


7.1 


6.2 


6.2 


3.2 


2.0 


2.4 


5.2 


2.8 


3.6 


1.6 


1.8 


3.0 


3.2 


23.5 


22.4 


21.8 


19.7 


19.6 


19.6 


19.6 


18.2 


18.7 


71.6 


71.9 


72.9 


74.0 


74.6 


77.8 


77.9 


79.9 


81.9 


34.2 


39.3 


40.4 


47.0 


51.6 


57.0 


65.0 


71.7 


79.6 


143.4 


148.3 


151.3 


153.5 


156.8 


163.1 


170.5 


179.0 


186.6 



Note: for footnotes see page 66. 



71 JUNE - JULY 1947 

VI— FINANCIAL STATISTICS : 60 MACHINERY COMPANIES* (EXCL. electrical) 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



YEAR-END BALANCE SHEET 



Fiscal Year Nearest to Calendar Year 


193(5 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation) (1) 


8.2 
3.3 
3.1 

.7 

7.3 
1.4 


15.9 
4.4 
4.6 

.7 


16.1 

4.9 
2.8 

.7 


14.5 
5.9 
3.2 

.7 


32.7 

8.2 

1.0 

.8 


60.1 
14.9 

1.8 
.8 

46.2 
27.7 


80.3 

19.1 

2.3 

.8 


78.1 

17.9 

2.6 

.9 


57.9 
9.8 
2.8 

.7 


49 3 


Depreciation (2 ' 


8.0 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


2.9 

.7 


Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


15.4 
2.8 


13.3 
2.3 


11.1 
2.3 


24.7 
11.5 


62.7 
40.3 


61.9 
41.9 


50.2 
31.1 


43.5 
25.9 


Net Income to Stockholders ' 


5.9 

3.0 


12.6 

3.5 


11.0 

5.3 


8.8 

4.9 


13.2 

8.1 


18.5 

7.7 


22.4 

3.4 
8.2 

10.8 


20.0 

6.9 
8.5 


19.1 

3.9 

6.7 


17.6 


Forced Saving (Refundable Portion of Excess Profits Tax) 


3.0 
6.9 






Undistributed Income (ex. Forced Saving)' 1 ' 


2.9 


9.1 


5.7 


3.9 


5.1 


10.8 


4.6 


8.5 


7 7 







SOURCE 


AND USE OF FUNDS' 3 ' 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 


5.9 
3.0 


12.6 
3.5 


11.0 
5.3 


8.8 

4.9 


13.2 
8.1 


18.5 

7.7 


22.4 
8.2 


20.0 
8.5 


19.1 

6.7 


17.6 
6.9 






Undistributed Profits (incl. Refundable EPT) 


2.9 

3.3 

.1 


9.1 

4.4 

.1 


5.7 
4.9 

.1 


3.9 

5.9 

.1 


5.1 

8.2 
.1 


10.8 

14.9 

.1 


14.2 
19.1 

.1 


11.5 

17.9 

.1 

29.5 


12.4 
9.8 


10 7 




8 


Other Non-cash Charges Against Current Income (2) <4) . . . . 




Total Funds From Current Income 


6.3 
.9 


13.6 


10.7 
1.6 


9.9 
1.2 


13.4 
.5 


25.8 


33.4 
33.4 


22.2 
.1 


18 7 


Issue of Common Stock 


.2 






Total Net Sources of Funds 


7.2 


13.6 


12.3 


11.1 


12.9 


25.8 


29.5 


22.3 


18.9 






Net Use of Funds 
Investment in Plant, Property and Equipment 


3.8 
5.7 
4.6 

.1 
1.8 


9.2 
14.9 

.2 

.6 
.9 


6.2 

3.1 

.4 

.3 

.5 

1.0 


7.9 

.1 

7.3 

1.7 

.7 
.5 


9.4 
21.6 

4.7 

.6 

.3 

6.2 


16.8 

32.7 

3.6 

.7 

.1 

5.1 


14.8 
4.5 
7.5 
3.4 
1.1 
.1 
6.6 


12.4 
11.4 
2.8 
6.9 
1.2 
1.5 
2.6 


6.3 
17.0 

3.9 

1.3 

.1 

12.0 


11.2 




3.9 


Investment in Other Companies 


1.7 


Investment in Refundable Excess Profits Tax 


3.0 


Redemption of Funded Debt 


4.1 


Redemption of Preferred Stock 


2.0 


Increase in Misc. Assets (less Misc. Liabilities) 


11.3 






Sub-Total 


16.0 
8.8 


24.0 
10.4 


4.5 
7.8 


12.2 
1.1 


20.4 
7.5 


48.8 
23.0 


.8 
32.6 


28.0 
1.5 


6.6 
15.7 


17.8 


Increase in Working Capital ex. Inventories' 5 ' 


1.1 






Total Net Uses of Funds 


7.2 


13.6 


12.3 


11.1 


12.9 


25.8 


33.4 


29.5 


22.3 


18.9 







Net Working Capital and Other Assets 

Cash 

Marketable Securities 

Current Accounts Receivable 

Inventories' 6 ' 

Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable 

Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)'" 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'" 

Total 

Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net) 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 11 ' 

Total 



11.3 
14.0 
36.7 

45.7 



107.7 

13.5 

7.8 

2.1 



84.1 

75.3 
25.2 

4.8 

189.4 



88.6 

80.0 
25.1 

4.2 

197.9 



93.3 

81.5 

24.5 

3.7 



203.0 



92.2 

83.0 

31.7 

4.3 



211.2 



18.3 

6.7 

65.6 

79.3 



169.9 

34.5 

16.0 

13.0 

4.1 

.4 



101.9 

83.3 

27.1 

3.4 



215.7 



24.9 

5.9 

81.0 

112.0 



223.8 

54.9 

20.5 

31.3 

1.6 

1.3 



114.2 

85.0 

29.6 

2.5 



231.3 



41.5 
40.7 
82.3 

107.5 



272.0 

67.1 

18.2 

37.4 

7.5 

.9 



140.9 

3.6 

80.6 

22.1 

1.3 



248.5 



36.7 

56.7 

79.7 

118.9 



292.0 
74.1 
18.9 
35.8 
11.4 
1.0 



150.8 
10.1 
75.0 
19.9 



255.8 



37.3 

56.7 

61.4 

101.9 



257.3 

62.9 

8.2 

22.6 

1.6 

1.1 



160.9 

13.3 

71.3 

19.9 

1.7 



267.1 



19.8 

.6 

35.8 

105.9 

28.5 



19.3 

.3 

35.7 

105.7 

37.5 



19.0 

.1 

35.0 

107.1 

41.8 



21.4 

.4 

35.8 

106.7 

46.9 



21.3 

1.6 

35.5 

106.1 

51.2 



20.3 
3.5 

33.0 

84.2 
90.3 



19.1 

2.6 

32.9 

84.2 
109.7 



17.7 

1.6 

31.9 

84.6 

120.0 



16.3 

.7 

31.7 

85.1 

133.3 



189.4 



197.9 



203.0 



211.2 



215.7 



231.3 



248.5 



255.8 



267.1 



Note: for footnotes see page 66. 



JUNE -JULY 1947 72 

VI— FINANCIAL STATISTICS : 27 ELECTRICAL MACHINERY & EQUIPMENT COMPANIES* 

Bank of Canada 
Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 

23.3 

3.6 

1.3 

.1 


1945 


Net Operating Profit (Before Depreciation) 1 " 


5.9 
2.1 
1.4 


10.3 

2.3 

1.2 

.1 


8.2 
2.2 

1.4 
.1 


8.6 

2.4 

1.3 

.1 

7.4 
1.3 


16.1 
3.3 

1.3 
.1 


26.3 

4.7 

1.0 

.1 


30.2 
6.3 

1.4 
.1 


26.2 

6.0 

1.1 

.1 


16 4 




3.0 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


1.5 
.1 


Net Profit before Income & E. P. Tax Provision"* 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


5.2 
1.0 


9.1 
1.8 

7.3 

2.5 


7.3 

1.2 


14.0 
7.3 


22.5 
14.9 


25.2 
16.3 


21.2 
12.9 


20.9 
11.7 


14.8 
7.3 




4.2 

2.4 


6.1 

5.2 


6.1 

3.0 


6.7 

5.3 


7.6 

4.3 


8.9 

1.6 

4.8 


8.3 

2.0 
4.3 


9.2 

1.7 

4.2 


7.5 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


.8 
4.2 






Undistributed Income (ex. Forced Saving)'" 


1.8 


4.8 


.9 


3.1 


1.4 


3.3 


2.5 


2.0 


3.3 


2.5 







SOURCE AND USE OF FUNDS") 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 

Cash Dividends 


4.2 
2.4 


7.3 
2.5 


6.1 
5.2 


6.1 
3.0 


6.7 
5.3 


7.6 
4.3 


8.9 
4.8 


8.3 
4.3 


9.2 
4.2 


7.5 
4.2 






Undistributed Profits (incl. Refundable EPT) 


1.8 

2.1 

.5 


4.8 
2.3 

.2 


.9 
2.2 


3.1 

2.4 


1.4 
3.3 


3.3 

4.7 

8.0 


4.1 
6.3 

10.4 


4.0 
6.0 


5.0 
3.6 

8.6 
.1 


3.3 




3.0 


Other Non-cash Charges Against Current Income (2) (4) . . . . 




Total Funds From Current Income 


4.4 


7.3 

.4 


3.1 
.1 


5.5 
5.5 


4.7 
.4 


10.0 


6 3 




1.1 






Total Net Sources of Funds 


4.4 


7.7 


3.0 


5.1 


8.0 


10.4 


10.0 


8.5 


7.4 






Net Use of Funds 

Investment in Plant, Property and Equipment 


1.6 

2.8 

.5 

.1 

.2 

1.7 


2.7 

6.1 

.2 

.1 
.1 

.2 


2.0 
3.5 
3.0 

.4 

.2 

2.6 


1.7 
2.5 

.2 

.3 
.9 


3.0 

7.2 

.4 

.1 
5.6 


6.0 
11.7 

1.3 
.2 

.4 


4.9 
7.4 

.3 
1.6 

_2 

5.6 


2.9 
8.9 

.9 
2.0 

.3 

3.1 


2.5 

4.9 

.6 

1.7 
.2 

1.6 


7.4 


Investment in Inventories 


2.5 


Investment in Other Companies 


.4 


Investment in Refundable Excess Profits Tax 


.8 


Redemption of Funded Debt 


.2 


Redemption of Preferred Stock 




Increase in Misc. Assets (less Misc. Liabilities) 


5.5 






Sub-Total 


5.3 
.9 


8.4 
.7 


2.5 
5.5 


3.2 
2.3 


4.1 
1.0 


15.8 
7.8 


8.2 
2.2 


16.3 
6.3 


.5 
8.0 


4.6 


Increase in Working Capital ex. Inventories' 5 ' 


2.8 






Total Net Uses of Funds 


4.4 


7.7 


3.0 


5.5 


5.1 


8.0 


10.4 


10.0 


8.5 


7.4 







YEAR-END BALANCE 


- SHEET 














Net Working Capital and Other Assets 


7.2 
17.6 
10.9 

14.6 


9.6 
14.5 
12.4 

20.8 


13.5 
14.3 
12.2 

17.3 


13.5 
17.0 
13.9 

19.8 


14.0 
17.7 
24.1 

27.0 

82.8 
9.1 

.2 
8.2 

.7 


11.4 
17.9 
32.4 

38.7 

100.4 

13.4 

1.9 

16.1 

.6 


11.3 
19.4 
35.6 

46.0 


13.6 
20.0 
32.2 
2.9 
54.9 


19.3 

26.2 

24.9 

2.1 

50.0 


20.3 


Marketable Securities 


23.9 


Current Accounts Receivable 


21.2 


Government Account (Net) 


.8 


Inventories'" 


52.6 






Total Current Assets 


50.3 
4.4 

.3 
1.2 

.3 


57.3 

4.7 

.5 

2.2 

.3 


57.3 
3.6 

1.7 
.3 


r, i .12 

5.4 

1.9 
.5 


112.3 

20.1 

1.4 

11.9 

.8 


123.6 

27.9 

2.1 

9.3 

.7 


122.5 

25.1 

.6 

9.6 

.6 


117.2 


Current Accounts Payable 


22.0 


Bank Loans 


1.1 


Accrued Taxes Payable 


4.8 


Accrued Interest and Dividends Payable 


.6 






Net Working Capital 


44.1 

32.3 
9.5 
1.9 

84.0 


49.6 

32.6 
9.3 
2.3 

89.2 


51.7 

32.3 

8.8 

.5 


56.4 

31.7 

9.0 

•5 


64.6 

31.3 
9.0 
6.0 


68.4 

32.2 
9.3 
5.6 

104.3 


78.1 
1.6 

30.4 
9.0 

10.4 

108.7 


83.6 
3.6 

27.3 
8.1 

10.1 


86.6 
5.3 

25.4 
7.6 

7.7 


88.7 


Refundable Portion of Excess Profits Tax 


4.7 


Plant, Propertv and Equipment (Net)' 7 ' 

Investment in Other Companies (Net) 18 ' 


29.8 
7.6 


Miscellaneous Assets Less Miscellaneous Liabilities'" 


10.2 


Total 


93.3 


96.6 


98.9 


112.5 


117.2 


120.6 






Capital and Surplus 

Funded Debt (1< » 


1.0 
.8 

3.0 
47.2 
32.0 

84.0 


.9 

.7 

3.0 

47.8 

36.8 


1.4 
.8 

3.1 
47.7 
40.3 

93.3 


1.7 
.9 

2.1 
48.2 
43.7 

96.6 


1.6 

1.0 

2.2 

48.8 

45.3 

98.9 


3.1 

1.1 

2.4 

48.8 

48.9 


2.8 

1.1 

2.4 

48.8 

53.6 


2.5 

1.7 

2.4 

48.9 

57.0 


2.3 

1.6 

2.4 

49.9 

61.0 


2.5 


Loans from Parent and Other Companies (Net) 


.8 


Preferred Stock Outstanding 


2.4 


Common Stock Outstanding 


51.0 


Earned Surplus and Surplus Reserves"" 


63.9 






Total 


89.2 


104.3 


108.7 


112.5 


117.2 


120.6 







Note: for footnotes see page 66. 



73 



JUNE - JULY 1947 



VI— FINANCIAL STATISTICS : 39 GOLD MINING COMPANIES* 

Bank of Canada 



Millions of Dollars PROFIT STATISTICS : SUMMARY STATEMENT 












Fiscal Year Nearest to Calendar Year 


1930 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation) (1) 


50.3 
6.3 
1.6 

.2 

45.4 
6.9 


53.5 

7.6 

1.8 

.2 


57.6 

8.3 

1.7 

.1 


56.9 

7.7 

3.0 

.1 


58.5 

7.4 

3.9 

.1 


54.2 

7.0 

4.6 

.1 

51.1 
14.4 


43.6 

7.2 

4.4 

.1 

40.7 
11.6 


32.5 
5.2 
3.8 


22.7 
3.4 
3.4 


19 5 


Depreciation' 2 ' 


3 2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


3.7 


Net Profit before Income & E. P. Tax Provision ' 

Income & E. P. Tax Provision (ex. Refundable Portion) . . 


47.5 
7.1 


50.9 
7.5 


52.1 
8.8 

43.3 

40.5 


54.9 
14.2 


31.1 

8.7 


22.7 
6.3 


20.0 
5.7 


Net Income to Stockholders'" 


38.5 

36.3 


40.4 

38.9 


43.4 

37.5 


40.7 

36.8 


36.7 

35.1 


29.1 

.1 
26.7 


22.4 

21.9 


16.4 

18.4 


14.3 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


15 9 






Undistributed Income (ex. Forced Saving)'" 


2.2 


1.5 


5.9 


2.8 


3.9 


1.6 


2.3 


.5 


2.0 


1.6 



YEAR-END BALANCE SHEET 



SOURCE AND USE OF FUNDS 


(3) 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 


38.5 
36.3 


40.4 
38.9 


43.4 
37.5 


43.3 

40.5 


40.7 
36.8 


36.7 
35.1 


29.1 
26.7 


22.4 
21.9 


16.4 

18.4 


14.3 
15.9 






Undistributed Profits (incl. Refundable EPT) 


2.2 
3.7 

2.0 


1.5 
4.4 
3.2 


5.9 
5.1 
3.2 


2.8 
5.1 
2.6 

10.5 
.1 


3.9 
5.5 

1.8 


1.6 
6.1 
1.5 


2.4 
5.9 
1.3 


.5 
4.5 

.7 


2.0 

2.9 

.5 


1 6 




2.6 


Other Non-cash Charges Against Current Income' 2 ' < 4 '. . . . 


.6 


Total Funds From Current Income 


8.5 
1.1 


9.1 

1.2 


14.2 


11.2 
.8 


9.2 
.5 


9.6 

.1 


5.7 


1.4 
1.0 

2.4 


1.6 


Issue of Common Stock 


.6 






Total Net Sources of Funds 


9.6 


10.3 


14.2 


10.6 


12.0 


9.7 


9.7 


5.7 


2.2 






Net Use of Funds 

Investment in Plant .Property and Equipment 


0.9 
1.2 
1.4 

1.0 

1.8 

10.3 

.7 


9.4 

1.5 

.9 

.8 

.7 


5.2 
.5 
.8 

1.5 

1.1 


4.6 
3.0 
1.3 

2.3 


4.2 
1.2 

1.8 


5.7 
1.5 

.7 

.2 
1.2 


1.3 

1.1 

1.2 

.1 

.2 

.9 


.5 
2.5 
1.5 

.2 

1.0 


1.0 

1.7 

.8 

.4 

.3 


1.2 






Investment in Other Companies 


_ 


Investment in Refundable Excess Profits Tax 




Redemption of Funded Debt 


_ 


Redemption of Preferred Stock 


_ 


Increase in Misc. Assets (less Misc. Liabilities) 


2.2 






Sub-Total 


11.9 
1.0 


6.5 

7.7 


11.2 
.6 

10.6 


7.4 
4.6 


9.3 

.4 


2.6 
7.1 


.7 
5.0 


.8 
3.2 


3.4 


Increase in Working Capital ex. Inventories' 5 ' 


1.2 






Total Net Uses of Funds 


9.6 


10.3 


14.2 


12.0 


9.7 


9.7 


5.7 


2.4 


2.2 



Net Working Capital and Other Assets 



Cash 

Marketable Securities 

Current Accounts Receivable. 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)' 7 ' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneous Assets Less Miscellaneous Liabilities'". 

Total 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves" 1 ' 



Total. 



24.8 

28.3 

.6 

11.5 

65.2 

4.2 

.1 

7.4 

3~.0 



50.5 

98.3 
11.0 
13.4 



173.2 



3.8 
.6 

116.6 
52.2 



173.2 



23.1 

30.1 

.8 

13.0 

67.0 
3.8 

.4 
7.8 

4.7 



50.3 

101.6 

12.0 

9.9 



173.8 



3.0 

.7 

117.7 
52.4 



173.8 



27.6 

33.8 

.7 

12.5 



74.6 
4.2 

8.3 

4.8 



57.3 

100.3 

11.3 

7.5 



176.4 



1.5 

.5 

117.1 
57.3 



176.4 



30.9 

32.6 

.7 

15.5 



79.7 

4.0 

.1 

9.4 

6.4 



59.8 

99,4 

12.4 

7.5 

179.1 



1.5 
.4 

117.1 
60.1 

179.1 



28.5 

42.9 

1.0 

15.5 



87.9 

4.2 

15.1 

4.8 

63.8 

98.1 

13.3 

7.0 



182.2 



1.3 
.3 

117.9 

62.7 



182.2 



22.7 

47.0 

1.0 

17.0 



88.3 
4.9 

14.4 

3.7 



05.3 

97.3 

13.0 

7.0 

183.2 



1.0 
.2 

118.5 
03.5 



183.2 



23.7 

45.9 

1.4 

10.0 

87.0 
4.2 

7.5 

3.2 



72.1 

.1 

92.0 

14.0 

6.5 



185.3 



118.6 
65.8 



185.3 



21.8 

51.6 

1.0 

13.4 



87.8 
3.5 

5.8 

2.7 



75.8 

.1 

88.3 

15.3 

6.4 



185.9 



.4 
.1 

118.6 
66.8 



185.9 



19.0 

56.9 

1.2 

11.7 



88.8 
3.4 

5.0 

2.0 

78.4 

.1 

86.5 

14.9 

6.6 

186.5 



119.7 
66.6 



186.5 



18.1 

58.6 

1.3 

11.7 



89.7 

3.8 

.2 

4.7 

L7 



79.3 

.1 

85.7 

16.2 

8.1 



189.4 



120.3 
69.2 



189.4 



Note: for footnotes see page 66. 



JUNE - JULY 1947 

VI— FINANCIAL STATISTICS 



74 



Millions of Dollars 



: 18 NON-FERROUS METAL COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



SOURCE AND USE OF FUNDS' 3 ' 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


194.3 


1944 


1945 


Net Operating Profit (Before Depreciation)' 1 ' 


83.3 

12.2 

1.9 

73.0 
13.5 

59.5 

38.5 


115.3 

14.9 

2.6 

.1 


80.3 

14.3 

3.6 

.1 


97.3 

15.8 

4.8 


114.0 
17.1 

5.0 


136.6 

22.4 

6.2 


142.0 

25.4 

3.9 


132.1 
26.9 

4.4 


108.4 

22.1 

6.2 


102.5 




21.2 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


5.8 


Net Profit before Income & E. P. Tax Provision* 11 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


102.9 
17.9 


69.5 
12.9 


86.3 
17.7 


101.9 
34.5 


120.4 
46.3 


120.5 
47.5 


109.6 
41.5 


92.5 
34.0 


87.1 
30.0 


Net Income to Stockholders 1 " 


85.0 

60.7 


56.6 

54.9 


68.6 

54.2 


67.4 
55.1 


74.1 

57.2 


73.0 

1.8 
57.2 


68.1 
2.3 

57.7 


58.5 

1.5 

52.2 


57.1 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


1.7 
51.9 






Undistributed Income (ex. Forced Saving)' 1 ' 


21.0 


24.3 


1.7 


14.4 


12.3 


16.9 


14.0 


8.1 


4.8 


3.5 







Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) . 
Cash Dividends. 



Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges 

Other Non-cash Charges Against Current Income (2) <4) . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities). 



Sub-Total 

Increase in Working Capital ex. Inventories' 5 *. 

Total Net Uses of Funds 



59.5 


85.0 


56.6 


68.6 


67.4 


74.1 


73.0 


68.1 


58.5 


38.5 


60.7 


54.9 


54.2 


55.1 


57.2 


57.2 


57.7 


52.2 


21.0 


24.3 


1.7 


14.4 


12.3 


16.9 


15.8 


10.4 


6.3 


8.9 


9.9 


9.3 


10.4 


11.3 


16.4 


19.5 


21.4 


16.4 


5.1 


5.0 


5.0 


5.4 


6.5 


6.5 


6.4 


5.4 


5.7 


35.0 


39.2 


16.0 


30.2 


30.1 


39.8 


41.7 


37.2 


28.4 


.2 


.3 


.3 


2.2 


.2 


- 


- 


- 


28.4 


35.2 


39.5 


16.3 


32.4 


30.3 


39.8 


41.7 


37.2 


18.2 


20.4 


18.4 


14.7 


13.4 


15.3 


18.9 


13.2 


10.3 


2.9 


8.2 


5.7 


2.0 


7.5 


.4 


10.3 


.6 


4.5 


.1 


.2 


1.9 


4.0 


2.1 


2.8 


- 


1.1 


.5 


- 


— 


- 


- 


- 


- 


1.8 


2.3 


1.5 


.1 


.7 


.4 


.2 


.3 


.6 


.1 


- 


.1 


4.2 


.1 


- 


- 


- 


.1 


.4 


- 


- 


1.8 


11.9 


2.1 


3.5 


1.5 


.8 


.1 


1.2 


1.4 


26.9 


39.5 


23.9 


20.4 


24.8 


18.4 


31.4 


18.4 


9.3 


8.3 


- 


7.6 


12.0 


5.5 


21.4 


10.3 


18.8 


19.1 


35.2 


39.5 


16.3 


32.4 


30.3 


39.8 


41.7 


37.2 


28.4 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 
Cash 


55.2 
14.5 
12.3 
52.4 


62.1 
14.1 
13.2 
60.6 


54.4 
10.1 
10.6 
66.3 


65.5 

9.2 

17.4 

64.3 


77.9 
17.0 
21.7 
71.7 


94.6 
31.3 
28.6 
72.2 


72.7 
47.6 
34.3 
82.4 


71.8 
61.9 
32.7 
83.0 


81.6 
67.7 
32.7 
78.4 


79.9 


Marketable Securities 


88.0 


Current Accounts Receivable 


29.0 


Inventories' 6 ' 


82.1 






Total Current Assets 


134.4 

10.4 

.3 

14.5 

3.1 


150.0 

11.6 

.2 

19.5 

4.0 


141.4 

10.1 

.2 

14.8 

3.4 


156.4 

11.3 

.2 

19.0 

2.9 


188.3 

14.8 

.3 

34.7 

2.6 


226.7 

18.1 

.4 

48.0 

2.7 


237.0 

19.6 

.3 

35.9 

2.6 


249.4 

18.5 

.4 

30.0 

2.6 


260.4 

16.4 

.3 

26.5 

5.2 


279.0 


Current Accounts Payable 


15 5 


Bank Loans 


3 


Accrued Taxes Payable 


23 4 


Government Account (Net) 




Accrued Interest and Dividends Payable 


5 2 






Net Working Capital 


106.1 

212.5 

24.9 

2.1 


114.7 

215.5 

28.2 

4.2 


112.9 

219.9 

26.5 

4.6 


123.0 

216.6 

27.6 

1.7 


135.9 

215.3 

29.2 

1.4 


157.5 

212.3 

29.7 

1.6 


178.6 

1.8 

209.3 

28.1 

3.1 


197.9 
4.2 

198.8 

28.0 

3.9 


212.0 
5.5 

184.9 

26.5 

5.1 


234.6 


Refundable Portion of Excess Profits Tax 


5.8 


Plant, Property and Equipment (Net) (7) 


171.8 


Investment in Other Companies (Net)' 8 ' 


26.2 


Miscellaneous Assets Less Miscellaneous Liabilities"' .... 


4.6 


Total 


341.4 


362.6 


363.9 


368.9 


381.8 


397.9 


414.7 


425.0 


423.8 


433.8 






Capital and Surplus 

Funded Debt' 10 ' 


.3 

.1 

35.3 

136.6 

169.1 


1.1 

.1 

35.3 

136.6 

189.5 


1.5 

35.2 
136.6 
190.6 


1.2 

1.6 

35.5 

137.9 

195.9 


1.0 

.3 

35.5 

137.9 

207.7 


.4 

.1 

35.5 

137.9 

224.0 


.3 

.2 

35.2 

137.9 

241.5 


.3 
.3 

35.2 
137.9 
251.9 


.2 

20.6 

34.9 

137.9 

271.4 


.1 


Loans from Parent and Other Companies (Net) 


17 7 


Preferred Stock Outstanding 


34.9 


Common Stock Outstanding 


137.9 


F.arned Surplus and Surplus Reserves' 1 " 


278.6 






Total 


341.4 


362.6 


363.9 


368.9 


381.8 


397.9 


414.7 


425.0 


423.8 


433.8 







Note: for footnotes see page 66. 



75 



Millions of Dollars 



JUNE - JULY 1947 



VI— FINANCIAL STATISTICS : 11 PETROLEUM COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation) (1 ' 


21.8 

10.3 

25.0 

.9 

35.6 
5.4 


22.0 

8.8 

26.6 

.9 


19.7 

8.3 

25.6 

.9 


24.0 

8.3 

18.3 

.8 


30.4 

9.2 

13.7 

.8 


32.1 

9.8 

14.0 

.8 


37.1 

11.4 

9.8 

.8 


41.4 

12.4 

9.4 

.9 


40.9 

11.2 

9.2 

.9 


39 5 




9 9 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


9.5 
.9 


Net Profit before Income & E. P. Tax Provision' 1 ' 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


38.9 
5.8 


36.1 
5.3 


33.2 
5.9 


34.1 
11.1 


35.5 

14.0 


34.7 

14.7 


37.5 
15.5 


38.0 
16.3 


38.2 
15.2 


Net Income to Stockholders'" 


30.2 

38.8 


33.1 

38.5 


30.8 
38.5 


27.3 

31.6 


23.0 

21.2 


21.5 

17.9 


20.0 

.1 
18.0 


22.0 

.4 
18.0 


21.7 

.3 

17.8 


23.0 


Forced Saving (Refundable Portion of Excess Profits Tax) 


.6 
18 6 






Undistributed Income (ex. Forced Saving) (1 ' 


8.6 


5.4 


7.7 


4.3 


1.8 


3.6 


1.9 


3.6 


3.6 


3.8 







YEAR-END BALANCE SHEET 



SOURCE AND USE OF FUNDS' 3 ' 














Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) 


30.2 
38.8 


33.1 
38.5 


30.8 
38.5 


27.3 
31.6 


23.0 
21.2 


21.5 
17.9 


20.0 
18.0 


22.0 
18.0 


21.7 

17.8 


23.0 
18 6 






Undistributed Profits (incl. Refundable EPT) 


8.6 

10.2 

.1 


5.4 

8.8 

.1 

3.5 

1.1 


7.7 

8.3 

.1 


4.3 

8.2 

.1 


1.8 
9.1 

.1 


3.6 

9.6 

.2 


2.0 
11.2 

.2 


4.0 

12.2 

.2 


3.9 

11.0 

.2 


4.4 


Depreciation Charges 


9.9 


Other Non-cash Charges Against Current Income (2) (4) . . . . 


.1 


Total Funds From Current Income 


1.7 

.1 


.7 
3.0 


4.0 
.1 


11.0 
1.4 


13.4 


13.4 


16.4 


15.1 


14.4 


Issue of Common Stock 


1.0 






Total Net Sources of Funds 


1.8 


4.6 


3.7 


4.1 


12.4 


13.4 


13.4 


16.4 


15.1 


15.4 






Net Use of Funds 

Investment in Plant, Property and Equipment 


4.8 

1.6 

.1 

.5 
.1 
.1 


6.9 
4.6 
3.0 

.8 
.2 
.6 


11.8 
4.2 
6.5 

2.5 

.1 

2.6 


10.6 
2.4 
5.1 

2.0 

2.7 


11.0 

6.3 

.3 

.4 
.1 
.9 


11.6 
2.1 
8.0 

1.2 
.1 
.5 


14.3 
3.7 
5.0 

.1 
1.6 

.1 
1.0 


6.6 
2.2 
3.1 

.4 
1.8 

2.6 


9.4 

5.7 

.3 

.3 

1.7 

1.1 


12 2 




2 9 


Investment in Other Companies 


2.6 


Investment in Refundable Excess Profits Tax 


6 


Redemption of Funded Debt 


3.4 


Redemption of Preferred Stock 


1.0 


Increase in Misc. Assets (less Misc. Liabilities) 


2.5 






Sub-Total 


6.8 
5.0 


15.7 
11.1 


1.3 

2.4 


18.8 
14.7 


17.6 
5.2 


7.5 
5.9 


3.2 
10.2 


6.9 
9.5 


18.5 
3.4 


11.2 


Increase in Working Capital ex. Inventories' 5 ' 


4.2 






Total Net Uses of Funds 


1.8 


4.6 


3.7 


4.1 


12.4 


13.4 


13.4 


16.4 


15.1 


15.4 










Net Working Capital and Other Assets 



Cash 

Marketable Securities 

Current Accounts Receivable. 
Inventories' 6 ' 



Total Current Assets 

Current Accounts Payable 

Bank Loans 

Accrued Taxes Payable 

Government Account (Net) 

Accrued Interest and Dividends Payable. 



Net Working Capital 

Refundable Portion of Excess Profits Tax 

Plant, Property and Equipment (Net)"' 

Investment in Other Companies (Net)' 8 ' 

Miscellaneaus Assets Less Miscellaneous Liabilities'" 



Total. 



Capital and Surplus 

Funded Debt' 10 ' 

Loans from Parent and Other Companies (Net). 

Preferred Stock Outstanding 

Common Stock Outstanding 

Earned Surplus and Surplus Reserves' 11 ' 



Total. 



17.1 


8.5 


16.2 


8.3 


9.1 


23.1 


19.0 


28.6 


32.1 


26.0 


26.8 


19.5 


11.2 


10.6 


6.8 


7.3 


11.5 


11.5 


18.5 


18.3 


16.8 


21.3 


23.6 


28.1 


44.7 


35.8 


31.8 


43.4 


48.0 


43.8 
96.3 


46.2 


52.5 


54.6 


50.9 


53.1 


58.8 


105.0 


101.6 


87.0 


95.8 


112.6 


121.9 


129.0 


134.2 


6.9 


9.0 


8.7 


11.6 


13.8 


19.5 


26.6 


21.1 


23.8 


2.5 


3.7 


.4 


.3 


.3 


- 


- 


- 


— 


5.4 


5.9 


5.9 


7.0 


12.0 


15.1 


10.6 


11.3 


10.2 


1.4 


1.0 


1.0 


1.0 


1.0 


1.0 


1.1 


1.2 


1.0 


88.8 


82.0 


80.3 


67.1 


68.7 


77.0 


83.6 


95.4 


99.2 


- 


- 


- 


- 


- 


- 


.1 


.4 


.4 


89.4 


87.4 


91.1 


93.4 


95.0 


96.6 


99.3 


91.3 


87.8 


69.6 


72.3 


66.7 


69.9 


69.3 


61.3 


55.8 


52.4 


51.7 


9.0 


8.3 


10.8 


12.1 


11.1 


10.7 


11.9 


9.8 


8.9 


238.8 


233.4 


227.3 


218.3 


221.9 


224.2 


226.9 


229.7 


230.2 


17.7 


16.8 


20.2 


22.2 


22.5 


21.4 


22.9 


24.6 


22.9 


.4 


.6 


.5 


.3 


.4 


.4 


.4 


.1 


.6 


10.8 


11.0 


10.9 


10.9 


10.8 


10.7 


10.6 


10.6 


10.6 


112.4 


113.6 


116.6 


114.5 


116.0 


116.0 


116.0 


116.0 


116.0 


97.5 


91.4 


79.1 


70.4 


72.2 


75.7 


77.0 


78.6 


81.3 


238.8 


233.4 


227.3 


218.3 


221.9 


224.2 


226.9 


229.7 


230.2 



26.5 
25.0 
27.3 
61.8 

140.6 

22.6 

1.0 

9.2 

1.5 

106.3 

1.0 

90.1 

49.0 

9.4 

237.0 



26.3 

.3 

11.6 

117.0 

82.4 

237.0 



Note: for footnotes see page 66. 



JUNE - JULY 1947 



Millions of Dollars 



76 



VI— FINANCIAL STATISTICS : 29 CHEMICAL COMPANIES* 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



SOURCE AND USE OF FUNDS »> 



Fiscal Year Nearest to Calendar Year 


193G 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation)"' 


11.5 

2.4 

1.3 

.2 


13.7 

2.5 

1.1 

.2 


13.2 
2.6 

.7 
.2 


17.4 
2.8 
1.3 

.2 


20.6 
3.1 

1.3 

.2 


24.8 
4.0 

1.4 
.2 


23.3 
4.9 
1.3 

.2 


22.0 

5.4 

1.3 

.2 


22.8 

4.0 

1.1 

.1 

19.8 
9.9 


22.6 




3.5 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


1.2 
.1 


Net Profit before Income & E. P. Tax Provision* 1 * 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


10.2 
1.9 


12.1 

2.2 


11.1 
2.1 


15.7 
3.5 

12.2 

9.2 


18.6 
7.6 


22.0 
10.6 


19.5 
9.2 


17.7 
8.6 


20.2 
9.7 


Net Income to Stockholders' 1 * 


8.3 

5.0 


9.9 

6.4 


9.0 

11.2 


11.0 

9.0 


11.4 

8.6 


10.3 

.4 
8.0 


9.1 

.6 
5.0 


9.9 

.8 
9.6 

.5 


10.5 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


.8 
7.3 






Undistributed Income (ex. Forced Saving)' 1 ' 


3.3 


3.5 


2.2 


3.0 


2.0 


2.8 


1.9 


3.5 


2.4 







Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) . 
Cash Dividends 



Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges 

Other Non-cash Charges Against Current Income"' <4) . . 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment , 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) . 



Sub-Total 

Increase in Working Capital ex. Inventories* 5 ' . 

Total Net Uses of Funds. 



8.3 


9.9 


9.0 


12.2 


11.0 


11.4 


10.3 


9.1 


9.9 


5.0 


6.4 


11.2 


9.2 


9.0 


8.6 


8.0 


5.0 


9.6 


3.3 


3.5 


2.2 


3.0 


2.0 


2.8 


2.3 


4.1 


.3 


2.4 


2.5 


2.6 


2.8 


3.1 


4.0 


4.9 


5.4 


4.0 


— 


— 


— 


— 


— 


— 


— 


— 


— 


5.7 


6.0 


.4 


5.8 


5.1 


6.8 


7.2 


9.5 


4.3 


.3 


.6 


.6 


.4 


.7 


.5 
7.3 


.2 


- 


.1 


6.0 


6.6 


1.0 


6.2 


5.8 


7.4 


9.5 


4.4 


2.2 


5.8 


3.7 


3.1 


5.5 


5.1 


5.3 


1.8 


2.5 


1.1 


1.8 


.2 


2.1 


4.2 


1.9 


1.9 


4.3 


.4 


.6 


.4 


2.5 


1.1 


2.7 


.2 


1.6 


.3 


.1 


_ 


_ 


- 


_ 


- 


_ 


.4 


.6 


.8 


_ 


.2 


.2 


.2 


.2 


.1 


.2 


.2 


.4 


.2 


_ 


- 


.1 


_ 


.1 


.1 


.2 


.1 


.2 


.8 


- 


.9 


.8 


.7 


1.2 


1.5 


.3 


3.9 


7.4 


1.2 


7.5 


11.8 


6.7 


7.5 


2.7 


3.2 


2.1 


.8 


.2 


1.3 


6.0 


.6 


.1 


12.2 


1.2 


6.0 


6.6 


1.0 


6.2 


5.8 


7.3 


7.4 


9.5 


4.4 



YEAR-END BALANCE SHEET 



Net Working Capital and Other Assets 
Cash 


10.3 
9.6 
7.7 

15.3 


10.2 
8.3 
7.9 

17.2 


10.4 
6.4 
8.6 

17.0 


11.9 

5.6 

10.5 

19.1 


11.7 

3.0 

12.0 

23.3 


11.2 

4.9 

14.7 

25.2 


8.1 

7.8 

13.9 

27.1 


13.1 
14.2 
13.1 
22.8 


13.2 
18.5 
11.8 
22.4 


14.0 


Marketable Securities 


19.4 


Current Accounts Receivable 


12.4 


Inventories' 6 ' 


22.5 






Total Current Assets 

Current Accounts Payable 


42.9 
4.1 

2.0 

1.5 


43.6 

4.6 

.1 

2.4 

2 


42.4 
4.1 

2.3 

.2 


47.1 

6.5 

.2 

3.6 

_2 


50.0 

6.8 

.3 

8.2 

2 


56.0 

8.2 

.4 

9.9 

.2 


56.9 
9.4 
1.7 
6.3 

.2 


63.2 
8.4 
1.0 
6.3 

.7 
.2 


65.9 

9.1 

1.9 

6.7 

.8 

.2 


68.3 
10.2 


Bank Loans 


2.2 


Accrued Taxes Payable 


6.4 


Government Account (Net) 


.7 


Accrued Interest and Dividends Payable 


1.6 






Net Working Capital 


35.3 

29.2 
13.1 

7.7 


36.3 

31.8 

13.6 

6.5 

88.2 


35.8 

32.7 

11.1 

5.9 

85.5 


36.6 

32.9 

12.2 

5.2 


34.5 

35.8 

14.7 

4.2 


37.3 

37.3 

14.9 

3.3 


39.3 

.4 

37.8 

13.4 

2.4 


46.6 

.9 

34.7 

13.7 

1.2 


47.2 

1.8 

33.3 

13.7 

.1 


47.2 


Refundable Portion of Excess Profits Tax 


2.5 


Plant, Property and Equipment (Net)' 7 ' 


35.2 


Investment in Other Companies (Net) <8) 


15.9 


Miscellaneous Assets Less Miscellaneous Liabilities'" 


2.7 


Total 


85.3 


86.9 


89.2 


92.8 


93.3 


97.1 


96.1 


103.5 






Capital and Surplus 

Funded Debt' 10 ' 


5.1 

.4 

17.7 

24.7 

37.4 


4.9 

.5 

17.7 

24.9 

40.2 


4.6 

.1 

17.8 

25.5 

37.5 


4.4 

.7 

17.7 

25.9 

39.6 


4.1 

17.7 
26.6 
40.8 


4.0 

.5 

17.7 

27.1 

43.5 


3.8 

.7 

17.5 

27.3 

45.4 


3.6 

.3 

17.3 

27.9 

48.6 


3.3 
.6 

17.3 
28.0 
48.1 


3.1 


Loans from Parent and Other Companies (Net) 


.5 


Preferred Stock Outstanding 


18.2 


Common Stock Outstanding. 


30.7 


Earned Surplus and Surplus Reserves' 11 ' 


51.0 






Total 


85.3 


88.2 


85.5 


86.9 


89.2 


92.8 


93.3 


97.1 


96.1 


103.5 







Note: ior footnotes see page 66. 



77 



Millions of Dollars 



VI— FINANCIAL STATISTICS 

Bank of Canada 
PROFIT STATISTICS : SUMMARY STATEMENT 



JUNE - JULY 1947 
23 ELECTRICAL UTILITY COMPANIES* 



SOURCE AND USE OF FUNDS"' 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


Net Operating Profit (Before Depreciation) 1 " 


42.6 
9.8 
2.1 

20.9 

14.0 
2.9 


44.5 

10.0 

2.0 

19.9 


44.0 

10.4 

1.6 

19.2 


42.5 

10.2 

1.8 

17.7 


50.9 

12.7 

1.6 

18.5 


56.7 

14.1 

1.3 

18.2 


66.1 

15.2 

1.3 

18.0 


64.8 

16.4 

1.8 

17.4 


60.2 

16.6 

1.9 

17.2 


61 8 


Depreciation < 2 > 


16 4 


Investment and Other Non-Operating Income (Net) 

Bond Interest (incl. Exchange & Amortization of Discount) 


2.3 
16.6 


Net Profit before Income & E. P. Tax Provision"' 

Income & E. P. Tax Provision (ex. Refundable Portion). . 


16.6 
3.3 


16.0 
3.2 


16.4 
3.3 


21.3 
7.9 


25.7 
11.4 

14.3 

11.7 


34.2 
18.1 


32.8 
16.5 


28.3 
12.9 


31.1 
15.5 


Net Income to Stockholders 1 " 


11.1 

8.6 


13.3 

10.4 


12.8 

11.8 


13.1 

11.4 


13.4 

13.0 


16.1 

1.3 
10.3 


16.3 

1.8 
11.0 


15.4 

.9 
11.9 


15.6 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Paid Out in Cash Dividends 


1.4 
12 2 






Undistributed Income (ex. Forced Saving)"' 


2.5 


2.9 


1.0 


1.7 


.4 


2.6 


4.5 


3.5 


2.6 


2.0 







Net Source of Funds 

Net Income to Stockholders (incl. Refundable EPT) . 
Cash Dividends 



Undistributed Profits (incl. Refundable EPT) 

Depreciation Charges 

Other Non-cash Charges Against Current Income"' "'. 



Total Funds From Current Income. 
Issue of Common Stock 



Total Net Sources of Funds. 



Net Use of Funds 

Investment in Plant, Property and Equipment. 

Investment in Inventories 

Investment in Other Companies 

Investment in Refundable Excess Profits Tax. . 

Redemption of Funded Debt 

Redemption of Preferred Stock 

Increase in Misc. Assets (less Misc. Liabilities) . 



Sub-Total 

Increase in Working Capital ex. Inventories' 5 '. 

Total Net Uses of Funds 



11.1 


13.3 


12.8 


13.1 


13.4 


14.3 


16.1 


16.3 


15.4 


8.6 


10.4 


11.8 


11.4 


13.0 


11.7 


10.3 


11.0 


11.9 


2.5 


2.9 


1.0 


1.7 


.4 


2.6 


5.8 


5.3 


3.5 


9.8 


10.0 


10.4 


10.2 


12.7 


14.1 


15.2 


16.4 


16.6 


1.0 


1.0 


.8 


.6 


.6 


.6 


.6 


.6 


.6 


13.3 


13.9 


12.2 


12.5 


13.7 


17.3 


21.6 


22.3 


20.7 


- 


4.7 


.8 


.2 


.1 


- 


- 


- 


.1 


13.3 


18.6 


13.0 


12.7 


13.8 


17.3 


21.6 


22.3 


20.6 


6.5 


11.5 


9.0 


7.3 


8.4 


11.4 


8.2 


4.7 


8.1 


.1 


.5 


.1 


.3 


.4 


1.0 


.1 


.1 


.4 


1.3 


1.2 


2.7 


6.1 


6.4 


3.9 


.6 


1.6 


.5 




- 


- 


- 


- 


- 


1.3 


1.8 


.9 


2.8 


5.2 


2.6 


.8 


5.6 


10.9 


8.3 


11.3 


7.5 


5.2 


.3 


.3 


3.7 


- 


- 


- 


- 


- 


6.5 


1.1 


3.0 


1.6 


3.1 


2.0 


.6 


.7 


.5 


12.0 


19.2 


16.9 


9.2 


4.9 


17.4 


18.9 


16.8 


16.9 


1.3 


.6 


3.9 


3.5 


8.9 


.1 


2.7 


5.5 


3.7 


13.3 


18.6 


13.0 


12.7 


13.8 


17.3 


21.6 


22.3 


20.6 



YEAR-END BALANCE 


SHEET 














Net Working Capital and Other Assets 


14.8 
4.8 
8.1 

5.4 


14.9 
3.4 

7.9 
5.9 


10.7 
3.6 
8.1 
5.8 


13.7 
3.0 
8.6 
6.1 


26.7 
3.7 
9.6 
6.5 


26.5 
7.2 

10.6 
7.5 


24.9 

14.0 

10.8 

7.5 


25.8 

19.4 

10.0 

7.3 


24.2 

24.4 

9.3 

7.8 


22.8 


Marketable Securities 


38.9 


Current Accounts Receivable 


10.5 




8.7 






Total Current Assets 


33.1 
7.3 
1.5 
3.3 

6.2 


32.1 

6.1 

.8 

4.1 

6.1 


28.2 
5.7 
1.2 
4.3 

6.1 


31.4 

6.4 

.4 

3.9 

6.5 


46.5 

8.6 

.1 

7.9 

6.6 


51.8 

11.5 

.2 

9.7 

6.3 


57.2 

13.0 

1.8 

9.0 

6.5 


62.5 

13.2 

1.3 

8.9 

6.3 


65.7 

11.9 

1.8 

8.1 

6.1 

37.8 

3.9 

594.1 

32.3 

39.9 


80.9 


Current Accounts Payable 


15 4 


Bank Loans 


2 


Accrued Taxes Payable 


9 8 


Government Account (Net) 




Accrued Interest and Dividends Payable 


7 2 






Net Working Capital 


14.8 

640.5 
32.8 
49.0 


15.0 

637.8 
34.0 
47.4 


10.9 

634.2 
36.9 

42.4 


14.2 

629.8 
43.0 
48.0 


23.3 

624.7 
36.7 

44.8 


24.1 

621.5 
32.7 
43.7 


26.9 
1.3 

614.5 
33.1 

42.7 


32.8 

3.2 

602.7 

31.8 

41.6 


48.3 


Refundable Portion of Excess Profits Tax 


5.4 


Plant, Property and Equipment (Net)"' 


587.4 


Investment in Other Companies (Net) (8 > 

Miscellaneous Assets Less Miscellaneous Liabilities'" 


32.3 
43.6 


Total 


737.1 


734.2 


724.4 


735.0 


729.5 


722.0 


718.5 


712.1 


708.0 


717.0 






Capital and Surplus 

Funded Debt" ' 

Loans from Parent and Other Companies (Net) 


406.3 
.4 

68.0 
223.8 

39.4 


397.2 
.8 

55.4 
244.3 

38.1 


395.9 
3.4 

55.7 
239.0 

37.2 


401.8 

1.9 

59.4 

239.2 

36.5 


396.1 
.6 

58.7 
238.0 

36.1 


384.8 
2.4 

58.7 
237.7 

38.4 


376.4 
2.3 

58.7 
237.6 

43.5 


366.1 
2.1 

58.7 
237.6 

47.6 


359.2 
2.6 

58.7 
237.5 

50.0 


367.6 
1.7 


Preferred Stock Outstanding 


58.7 


Common Stock Outstanding 


237.2 


Earned Surplus and Surplus Reserves"" 


51.8 






Total 


737.1 


734.2 


724.4 


735.0 


729.5 


722.0 


718.5 


712.1 


708.0 


717.0 



Note: for footnotes see page 66. 



JUNE - JULY 1947 

VII— WAGE RATES FOR CERTAIN GROUPS OF INDUSTRIES*: 1926-46 

Index 1935-39 = 100 



78 



Department of Labour 





Con- 
struc- 
tion 


Water 
Trans- 
por- 
tation 


Electric 
Rail- 
ways 


Steam 
Rail- 
ways 


Coal 
Mining 


Manu- 
fac- 
turing 


Logging 


Metal 
Mining 


Laundries 


Tele- 
phones 


General 
Average 


1926 


104.2 


99.2 


99.3 


95.8 


98.8 


98.4 


106.2 


95.8 


101.6 


92.5 


99.4 


1927 


108.5 


100.4 


100.1 


102.0 


99.1 


99.7 


108.6 


95.9 


102.5 


94.2 


101.5 


1928 


112.3 


101.1 


102.3 


102.0 


99.6 


100.5 


110.1 


95.8 


103.3 


96.0 


102.7 


1929 


119.6 


105.7 


104.7 


105.0 


99.6 


101.1 


109.7 


96.4 


103.5 


97.1 


104.5 


1930 


123.0 


106.9 


105.1 


105.0 


99.9 


101.2 


108.4 


96.5 


103.7 


97.6 


105.2 


1931 


118.5 


102.3 


104.7 


102.4 


99.9 


98.7 


90.6 


95.2 


103.2 


97.9 


101.7 


1932 


107.9 


95.1 


100.7 


94.6 


96.8 


92.2 


74.6 


92.2 


100.7 


91.3 


94.5 


1933 


95.6 


89.3 


96.3 


92.4 


95.5 


87.9 


63.8 


91.1 


98.6 


90.6 


89.6 


1934 


93.7 


88.6 


96.2 


89.3 


96.1 


90.3 


73.0 


93.4 


97.7 


96.6 


90.5 


1935 


96.7 


89.2 


96.8 


94.6 


97.8 


92.2 


81.3 


95.2 


98.2 


95.9 


93.1 


1936 


97.3 


90.6 


97.8 


94.6 


97.9 


94.4 


89.9 


97.6 


98.7 


96.7 


94.8 


1937 


100.1 


101.2 


100.4 


100.8 


98.4 


101.9 


104.4 


101.9 


100.0 


101.6 


101.8 


1938 


102.5 


109.0 


102.1 


105.0 


102.9 


105.2 


113.2 


102.4 


101.4 


102.8 


104.9 


1939 


103.3 


110.0 


102.7 


105.0 


102.9 


106.0 


111.2 


102.8 


101.7 


103.1 


105.3 


1940 


107.9 


115.7 


106.7 


105.0 


105.1 


110.6 


116.6 


105.7 


107.2 


104.4 


109.4 


1941 


115.3 


124.6 


112.1 


114.9 


112.6 


122.1 


126.8 


115.3 


112.4 


109.7 


119.1 


1942 


122.5 


138.4 


119.0 


120.5 


116.4 


133.0 


140.0 


122.0 


118.5 


115.5 


129.0 


1943 


131.9 


152.7 


124.5 


131.8 


128.4 


145.1 


159.1 


126.5 


129.5 


125.7 


140.8 


1944 


133.9 


156.4 


129.1 


131.8 


150.3 


150.0 


162.4 


128.8 


131.1 


126.2 


145.2 


1945 


135.5 


159.0 


130.1 


131.8 


150.5 


155.4 


170.4 


131.8 


137.7 


129.5 


149.4 


19461 


147.9 


189.0 


143.5 


149.4 


150.8 


170.8 


187.0 


139.5 


149.6 


129.1 


162.8 



* Rates include cost of living bonus, t Preliminary. 



HOURLY WAGE RATES * 1926-46 



INDEX 1935-39=100 



INDEX 1935-39=100 




1926 1931 

(1) Preliminary for 1946. 




1936 



1941 



1946 1926 



1931 



1936 



1946 



79 



JUNE -JULY 1947 



VIII— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 
idential 

Con- 
struction 




Department 


Employ- 


Aggregate 














Car 
Loadings 


Store Sales 

Index of 

Value 


ment 
Index 

(3) 


Payrolls 
Index 

m 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 










Stations' 2 ' 


Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 






June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 


Thousands 


1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals' 4 ' 




















' 


1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,268 


- 


65.1 


— 


1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


— 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


_ 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1942 


4,841 


143 


3,110 


3,177 


32,506 


79 


3,386 


149.7 


113.6 


128.3 


1943 


3,651 


144 


2,997 


2,983 


35,719 


79 


3,467 


150.8 


120.4 


144.9 


1944 


2,923 


137 


3,024 


2,992 


35,054 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,881 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,828 


95 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


12-Months Ending 






















June, 1947 


2,877* 


105* 


2,368 


4,334 


33,959 


182 


3,835 


234.0 


117.6 


155.4 


1946-Feb. 


228.9 


6.2 


233.9 


308.4 


2,358 


9.3 


263 


215.7 


109.5 


135.5 


Mar. 


247.9 


7.8 


249.1 


334.1 


2,590 


15.7 


302 


258.7 


109.4 


137.3 


Apr. 


238.2 


9.2 


247.5 


337.9 


2,535 


26.9 


282 


207.4 


110.6 


139.1 


May 


240.3 


7.4 


259.6 


359.9 


2,620 


32.2 


296 


201.7 


110.9 


137.6 


June 


234.4 


7.6 


214.9 


334.2 


2,506 


22.6 


291 


189.5 


111.3 


136.6 


1947-Feb. 


222.1 


8.6 


229.2 


341.3 


2,785 


7.4 


270 


252.2 


118.3 


160.6 


Mar. 


263.2 


10.0 


269.7 


372.5 


3,062 


6.5 


306 


274.6 


118.1 


163.0 


Apr. 


255.2 


10.0 


252.2 


369.5 


2,969 


15.6 


311 


238.7 


118.3 


163.9 


May 


268.6 


9.9 


244.1 


384.5 


3,159 


22.0 


345 


238.7 


117.6 


163.6 


June 






238.3 


355.6 


3,017 


23.6 


332 


218.8 


120.8 


168.5 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. First of month. (4) Average 
of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending May 1947. 



PRODUCTION OF COPPER, NICKEL, LEAD AND ZINC : 1936-47 



COPPER 



MILLIONS OF POUNDS RATIO SCALE 



ZINC 








MONTHLY AVERAGES 


50 


50 






40 


40 






30 


30 




' I I 


II II 



MONTHLY TOTALS 






*l\^ 




^V 


v- 


II III III III 


llllllll 



50 



40 



30 



45DMJ SDMJS 
1946 1947 



LEAD 



1936 39 




JUNE - JULY 1947 



80 



Thousands of Short Tons 



IX— NEWSPRINT : NORTH AMERICA 

Newsprint Association of Canada 











SUPPLY 








ESTIMATED CONSUMPTION 


STOCKS 




Production 


Imports 

from 
Europe 












Net 




Canada 


New- 
foundland 


U.S.A. 


Total 


Exports 
Overseas 


Total 
Supply 


U.S. 
Publishers 


Canadian 
Publishers 


Total 


Increase 

or 
Decrease 


Calendar Years 
























1935 


2,751 


332 


912 


3,995 


197 


734 


3,459 


3,345 


200 


3,545 


86 


1937 


3,648 


350 


946 


4,944 


294 


771 


4,466 


3,825 


220 


4,045 


421 


1943 


2,983 


236 


805 


4,024 


- 


413 


3,611 


3,627 


194 


3,821 


210 


1944 


2,992 


273 


720 


3,984 


- 


568 


3,416 


3,243 


188 


3,431 


15 


1945 


3,259 


333 


724 


4,316 


- 


704 


3,613 


3,481 


201 


3,683 


70 


1946 


4,143 


363 


771 


5,277 


13 


693 


4,597 


4,296 


248 


4,545 


53 


12-Mths Ending 
























June, 1947 


4,334 


365 


795 


5,494 


39 


717 


4,816 


4,610 


265 


4,874 


59 


Monthly 

1946-Jan. 


328.4 


30.8 


67.8 


427.0 


— 


64.9 


362.1 


302.8 


19.1 


321.9 


40.3 


Feb. 


308.4 


27.4 


60.6 


396.4 


- 


34.7 


361.7 


305.8 


17.8 


323.6 


38.0 


Mar. 


334.1 


31.2 


65.3 


430.6 


- 


55.9 


374.8 


366.7 


19.5 


386.2 


11.5 


Apr. 


337.9 


29.5 


67.1 


434.4 


- 


63.0 


371.4 


354.8 


20.5 


375.3 


3.8 


May 


359.9 


31.8 


65.9 


457.7 


- 


66.1 


391.6 


358.2 


20.2 


378.4 


13.2 


June 


334.2 


28.9 


61.2 


424.3 


- 


47.0 


377.3 


355.2 


19.2 


374.4 


2.9 


1947-Jan. 


370.0 


32.2 


68.6 


470.8 


8.8 


35.9 


443.8 


365.0 


21.4 


386.4 


57.4 


Feb. 


341.3 


29.7 


62.8 


433.8 


3.8 


53.0 


384.6 


354.0 


19.6 


373.6 


11.0 


Mar. 


372.5 


31.9 


67.9 


472.3 


2.0 


57.6 


416.7 


414.6 


22.8 


437.4 


20.7 


Apr. 


369.5 


29.4 


71.9 


470.8 


.8 


51.9 


419.7 


407.5 


22.9 


430.4 


10.6 


May 


384.5 


28.4 


73.5 


486.4 


2.7 


74.5 


414.5 


415.1 


23.1 


438.2 


23.6 


June 


355.6 


30.2 


67.3 


453.0 


7.0 


82.1 


377.9 


400.9 


22.7 


423.6 


45.7 



NEWSPRINT : NORTH AMERICA : 1936-47 

THOUSANDS OF SHORT TONS THOUSANDS OF SHORT TONS 



4800 



4400 



4000 



4800 



4400 



4000 




3600 



3600 



1940 1941 1942 

(1) Total Supply: see above table. (2) See above table. (3) Cumulative difference of (a) Retained Production plus Imports and (b) Estimated 
Consumption by Publishers. For monthly figures see above table. 



81 



JUNE - JULY 1947 



CANADA 

Dominion Bureau of Statistics 



X— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Trade"* 





Farm 
Products 

* 


Raw 

Materials 


Foods 


Manu- 
factures 


Total 


Average of Mths. 

1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1943 


97.9 


99.1 


102.4 


93.1 


100.0 


1944 


107.1 


104.0 


101.4 


93.6 


102.5 


1945 


109.7 


105.6 


103.4 


94.0 


103.6 


1946 


111.9 


109.5 


107.5 


98.8 


108.7 


Monthly 

1946-June 


112.7 


109.8 


108.3 


98.7 


109.3 


July 


113.8 


110.2 


109.8 


98.9 


109.7 


Aug. 


111.5 


108.6 


108.0 


99.6 


109.3 


Sept. 


110.9 


108.2 


107.5 


99.8 


109.2 


Oct. 


113.3 


112.3 


109.9 


101.4 


111.0 


Nov. 


113.8 


113.5 


110.3 


101.4 


111.6 


Dec. 


113.9 


113.6 


110.1 


101.7 


112.0 


1947-Jan. 


114.4 


115.2 


111.5 


103.7 


114.2 


Feb. 


115.5 


119.4 


111.6 


106.8 


118.1 


Mar. 


116.4 


123.8 


112.4 


107.7 


120.4 


Apr. 


116.9 


125.6 


115.1 


111.8 


122.9 


May 


118.5 


128.1 


118.1 


113.4 


125.3 


June 


119.2 


129.3 


119.1 


115.6 


127.8 



Foods 


Total 


100.0 


100.0 


93.9 


92.2 


71.8 


69.1 


83.6 


87.7 


130.8 


131.4 


129.1 


134.1 


129.2 


136.4 


129.3 


141.4 


129.7 


139.9 


131.6 


142.4 


130.1 


142.7 


129.4 


143.2 


128.6 


143.3 


128.2 


144.5 


127.9 


145.2 


128.1 


146.6 


129.3 


147.8 


129.6 


148.2 


133.7 


151.0 


134.6 


152.6 


135.6 


152.8 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 








Products 


Materials 


Foods 


fact u res 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


128.3 


116.9 


106.2 


101.8 


105.8 


148.6 


134.5 


130.4 


115.8 


120.9 


140.1 


126.3 


112.9 


107.3 


112.9 


157.0 


141.7 


140.2 


118.9 


124.7 


161.0 


145.7 


149.0 


123.9 


129.1 


154.3 


141.4 


131.9 


117.2 


124.0 


165.3 


148.7 


157.9 


129.6 


134.1 


169.8 


153.4 


165.4 


134.7 


139.7 


168.1 


153.2 


160.1 


135.7 


140.9 


165.0 


152.1 


156.2 


136.7 


141.5 


170.4 


154.9 


162.0 


139.7 


144.5 


182.6 


163.2 


167.6 


143.3 


149.5 


177.0 


160.1 


162.4 


141.9 


147.7 


175.7 


158.6 


159.8 


141.7 


146.9 


177.9 


160.2 


161.8 


142.3 


147.8 



* An independent series with different weighting and different prices from those included in the "Total Index", 
not directly comparable with the U.S.A. "Farm Products Index". (1) Adjusted to 1926= 100 from base 1913 = 
in 1930 and thereafter. 



Prices include subsidies. The series is 
100 in 1926-29 and from base 1930= 100 



Index 1935-39 = 100 



XI— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


1944 


131.3 


110.6 


121.5 


111.9 


118.4 


108.9 


118.9 


1945 


133.0 


107.0 


122.1 


112.1 


119.0 


109.4 


119.5 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


Monthly 
















1946— June 


142.1 


107.2 


124.3 


112.6 


122.4 


112.1 


123.6 


July 


144.2 


107.2 


126.4 


112.6 


125.1 


113.7 


125.1 


Aug. 


144.7 


107.2 


127.6 


112.6 


127.0 


113.8 


125.6 


Sept. 


143.2 


107.2 


129.6 


112.6 


128.4 


113.9 


125.5 


Oct. 


146.5 


107.3 


130.2 


113.4 


128.8 


113.9 


126.8 


Nov. 


146.6 


108.6 


131.1 


113.4 


129.2 


114.1 


127.1 


Dec. 


146.4 


109.2 


131.2 


113.4 


129.4 


114.1 


127.1 


1947— Jan. 


145.5 


109.0 


131.5 


113.4 


129.8 


114.7 


127.0 


Feb. 


147.0 


109.1 


131.9 


113.4 


130.9 


115.5 


127.8 


Mar. 


148.7 


109.1 


133.1 


113.4 


133.6 


116.0 


128.9 


Apr. 


151.6 


109.1 


136.9 


113.4 


137.2 


116.3 


130.6 


May 


154.9 


116.2 


140.0 


115.4 


138.6 


116.8 


133.1 


June 


157.7 


116.7 


142.4 


117.8 


139.8 


117.1 


134.9 



b 



♦Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes bet ween $1,200 -$1,600 most common. 






JUNE -JULY 1947 



82 



Index 1935-39 = 100 



XII— RETAIL MERCHANDISE SALES : VALUE t 

Dominion Bureau of Statistics 





Country 
General 

Stores 


Department 
Stores 


Variety 

Stores 


Food 
Stores 


Restaurants 


Family 

Clothing 

Stores 


Men's 

Clothing 

Stores 


Women's 

Clothing 

Stores 


Annual Average 

1938 


103.2 


99.9 


105.2 


102.7 


99.4 


* 


99.0 


100.0 


1939 


100.7 


103.6 


113.2 


108.6 


97.2 


* 


100.2 


101.5 


1940 


106.7 


116.2 


133.8 


119.6 


105.1 


* 


114.2 


117.0 


1941 


116.2 


133.8 


161.3 


137.6 


123.3 


136.4 


136.5 


136.4 


1942 


132.9 


149.7 


185.5 


157.7 


147.4 


162.3 


162.4 


166.0 


1943 


148.0 


150.8 


185.5 


165.3 


176.9 


173.3 


164.8 


177.1 


1944 


161.7 


165.7 


194.7 


175.5 


189.9 


183.6 


175.9 


191.3 


1945 


172.2 


183.8 


211.2 


187.1 


197.3 


203.5 


193.0 


207.6 


1946 


191.3 


218.0 


236.7 


204.5 


208.3 


236.7 


221.5 


230.9 


Monthly 


















1946— May 


195.7 


201.7 


224.1 


209.2 


204.9 


231.9 


216.2 


225.5 


June 


197.3 


189.5 


220.3 


216.4 


213.2 


231.0 


209.1 


213.3 


July 


195.0 


207.0 


225.9 


204.2 


208.3 


238.6 


215.4 


222.8 


Aug. 


196.3 


232.2 


233.3 


215.6 


207.1 


255.9 


228.3 


240.4 


Sept. 


181.0 


244.5 


240.1 


196.9 


206.3 


243.6 


232.0 


244.2 


Oct. 


183.2 


218.3 


240.8 


203.8 


211.7 


242.4 


218.0 


224.9 


Nov. 


188.7 


261.1 


271.0 


198.0 


221.0 


247.8 


231.4 


245.4 


Dec. 


191.6 


203.2 


234.6 


208.9 


200.7 


220.0 


213.7 


224.0 


1947— Jan. 


193.0 


219.1 


248.7 


207.6 


204.9 


251.7 


217.8 


256.9 


Feb. 


203.0 


252.2 


251.6 


215.6 


207.5 


256.7 


265.8 


270.8 


Mar. 


209.5 


274.6 


255.9 


215.2 


209.7 


251.2 


239.5 


276.3 


Apr. 


210.2 


238.7 


252.4 


234.1 


206.1 


230.3 


221.2 


214.4 


May 


212.7 


238.7 


251.6 


237.7 


202.3 


267.4 


251.5 


258.0 


June 


215.1 


218.8 


249.8 


245.1 


212.1 


259.7 


249.5 


231.1 



Index 1935-39 = 


= 100 


















Shoe 
Stores 


Drug 
Stores 


Furniture 
Stores 


Hardware 
Stores 


Jewellery 
Stores 


Radio 

and Electrical 

Stores 


Total 


Retail 
Price 
Index 


Annual Average 

1938 


98.4 


102.6 


98.1 


106.6 


* 


100.8 


101.4 


102.8 


1939 


96.6 


104.8 


102.0 


107.6 


* 


103.0 


105.1 


101.0 


1940 


106.6 


113.9 


118.1 


117.3 


* 


130.3 


117.5 


106.6 


1941 


126.7 


131.2 


126.4 


138.3 


149.5 


138.8 


133.9 


114.9 


1942 


153.7 


149.9 


127.1 


149.9 


167.9 


133.7 


152.7 


122.4 


1943 


162.0 


165.9 


118.4 


147.0 


192.7 


112.5 


160.3 


124.5 


1944 


172.3 


179.3 


130.0 


166.4 


218.2 


108.6 


172.6 


125.2 


1945 


192.0 


191.1 


147.4 


193.9 


. 250.5 


124.1 


187.2 


126.2 


1946 


203.8 


209.2 


197.7 


251.3 


279.2 


213.9 


213.0 


132.1 


Monthly 


















1946— May 


189.5 


204.8 


180.0 


225.0 


286.0 


191.9 


208.5 


129.5 


June 


195.7 


209.2 


206.0 


242.3 


291.7 


217.3 


210.6 


132.1 


July 


210.8 


207.4 


241.9 


248.8 


295.4 


218.4 


212.1 


134.4 


Aug. 


210.4 


204.2 


190.4 


250.5 


277.9 


231.7 


220.9 


135.1 


Sept. 


194.9 


202.4 


177.9 


228.9 


276.0 


218.1 


213.8 


135.0 


Oct. 


207.0 


205.1 


181.8 


232.2 


256.6 


210.5 


210.5 


136.9 


Nov. 


221.9 


212.5 


187.8 


261.4 


299.2 


212.6 


223.1 


137.3 


Dec. 


218.3 


239.8 


184.6 


263.9 


274.9 


254.5 


212.4 


137.2 


1947— Jan. 


183.3 


213.6 


270.9 


305.3 


248.8 


280.0 


220.2 


136.9 


Feb. 


199.4 


212.3 


232.5 


339.5 


242.4 


301.7 


233.4 


137.9 


Mar. 


226.9 


212.5 


252.5 


323.5 


250.0 


314.1 


238.5 


139.4 


Apr. 


185.6 


210.4 


205.2 


267.5 


231.3 


273.4 


228.8 


142.2 


May 


208.2 


212.2 


206.2 


241.1 


275.0 


241.5 


234.0 


145.2 


June 


209.6 


220.8 


239.8 


269.0 


259.3 


288.2 


235.1 


147.4 



t Monthly indexes adjusted for number of business days and seasonal variations * Not Available. 



83 



JUNE - JULY 1947 



XIII— FISHERIES STATISTICS : 1934-45* 

"Fisheries Statistics of Canada", Dominion Bureau of Statistics 
INVESTMENT, EMPLOYMENT AND EXPORTS 





INVESTMENT 


EMPLOYMENT 


EXPO 






Primary 


Canning 

and 
Curing 


Total 


Primary 


Canning 
and 

Curing 


Total 




Calendar 
Years 


Sea 


Inland 


Sea 


Inland 








Millions o 


f Dollars 






Thousands c 


/ Employees 




mm. lbs. 


$ mm. 


1934 


21.9 


4.3 


17.4 


43.6 


57.5 


11.1 


14.8 


83.4 


288 


21.5 


1935 


21.9 


4.5 


17.1 


43.5 


56.8 


11.7 


14.4 


82.9 


323 


24.0 


1936 


22.6 


4.7 


18.6 


45.9 


58.4 


13.4 


15.2 


87.0 


321 


24.0 


1937 


21.9 


4.9 


18.1 


44.9 


55.8 


14.2 


14.0 


84.0 


324 


26.8 


1938 


21.7 


4.9 


22.0 


48.6 


57.0 


14.5 


14.5 


86.0 


286 


25.3 


1939 


20.9 


4.9 


21.5 


47.3 


55.2 


13.7 


14.8 


83.8 


330 


27.7 


1940 


21.3 


5.0 


23.3 


49.5 


54.8 


14.0 


15.0 


83.9 


324 


29.8 


1941 


22.2 


5.4 


27.5 


55.1 


48.4 


15.3 


15.8 


79.6 


412 


39.5 


1942 


23.7 


5.4 


33.6 


62.6 


47.6 


13.8 


15.7 


77.1 


399 


47.9 


1943 


25.1 


6.0 


30.7 


61.9 


45.9 


15.6 


15.9 


77.4 


401 


56.9 


1944 


28.5 


6.6 


32.3 


67.3 


46.4 


17.8 


17.3 


81.5 


435 


63.2 


1945 


33.6 


7.3 


33.9 


74.7 


48.0 


19.4 


17.5 


84.9 


474 


79.9 



VALUE OF PRODUCTION 1 





Total 


By Type 


By Provinces 


Calendar 
Years 


Marketed 
FreshO) 


Canned (4) 

and 
Cured 


P.E.I. 


N.S. 


N.B. 


Que. 


Ont. 


Man. 

Sask. 

Alta. and 

Yukon 


B.C. 












Millions o. 


f Dollars 










1934 


34.0 


14.9 


19.2 


1.0 


7.7 


3.7 


2.3 


2.2 


1.9 


15.2 


1935 


34.4 


16.2 


18.3 


.9 


7.9 


3.9 


1.9 


2.9 


1.8 


15.2 


1936 


39.2 


18.9 


20.3 


1.0 


8.9 


4.4 


2.1 


3.2 


2.4 


17.2 


1937 


39.0 


19.9 


19.0 


.9 


9.2 


4.4 


1.9 


3.6 


2.7 


16.2 


1938 


40.5 


18.6 


21.9 


.9 


8.8 


4.0 


2.0 


3.4 


2.8 


18.7 


1939 


40.1 


19.4 


20.6 


1.0 


8.8 


5.1 


2.0 


3.0 


2.6 


17.7 


1940 


45.1 


20.4 


24.7 


.7 


9.8 


5.0 


2.0 


3.0 


2.9 


21.7 


1941 


62.3 


25.7 


36.6 


1.0 


12.6 


6.5 


2.8 


3.5 


4.0 


31.7 


1942 


75.1 


31.3 


43.8 


1.6 


15.3 


7.1 


4.2 


4.1 


4.7 


38.1 


1943 


85.6 


42.3 


43.3 


2.9 


21.7 


11.1 


5.6 


5.3 


6.5 


32.5 


1944 


89.4 


45.7 


43.7 


2.6 


23.7 


12.0 


5.4 


4.9 


6.0 


34.9 


1945 


113.7 


58.7 


55.0 


3.1 


30.7 


13.3 


7.7 


7.3 


7.0 


44.5 



VOLUME' 5 ' AND VALUE ' OF PRODUCTION BY SPECIES 



Calendar 


Total 
Sea 


Total 
Inland 


SALMON 


COD 


LOBSTER 


HERRING 




$ n 


tm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


mm. lbs. 


$ mm. 


1934 


29.2 


4.8 


170 


12.9 


171 


3.3 


36 


4.3 


190 


1.8 


1935 


29.2 


5.3 


182 


12.5 


154 


2.8 


32 


4.4 


206 


1.8 


1936 


33.0 


6.2 


203 


13.9 


170 


3.3 


28 


4.4 


285 


2.6 


1937 


32.0 


7.0 


172 


12.4 


152 


3.1 


31 


4.6 


306 


2.6 


1938 


33.8 


6.7 


177 


15.0 


170 


3.3 


31 


3.8 


253 


2.5 


1939 


34.0 


6.1 


150 


13.4 


164 


3.2 


31 


3.8 


336 


3.8 


1940 


38.9 


6.2 


146 


14.2 


193 


5.0 


27 


3.2 


469 


6.3 


1941 


54.3 


7.9 


194 


21.5 


196 


7.5 


28 


3.9 


279 


6.7 


1942 


66.0 


9.1 


165 


22.9 


194 


10.0 


28 


5.1 


362 


10.9 


1943 


73.2 


12.4 


124 


15.6 


216 


13.1 


30 


8.2 


323 


11.9 


1944 


78.1 


11.3 


110 


16.4 


236 


14.8 


33 


9.0 


322 


11.0 


1945 


99.0 


14.7 


173 


26.0 


293 


19.7 


37 


13.3 


395 


13.9 






'For earlier years see 1946 Supplement to the Bank of Canada Statistical Summary. (1) Excluding fishery by-products, 
distributors. (3) Includes small amounts of cured fish prepared by fishermen. (4) By cannings and curing establishments. 



(2) Amount received by 
(5) Caught and landed. 



JUNE - JULY 1947 



84 



Millions of Dollars 



XIV— IMPORTS AND EXPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS* <» 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 


Retained 






British Empire 12 ' 




Other Foreign Countries 




Excess of 
Exports 








U.S.A. 






Central' 5 ' 




all 


Ex. Gold 


Ex. Gold 


or 
Imports 




U.K. 


Other 




Europe 


Far East 


and 


Other 


Countries 








(I) 


(2) 




(3) 


(4) 


S America 




(U 








Calendar Years 
























1926 


165 


50 


669 


74 


17 


33 


1 


1,008 


15 


993 


299 


1929 


195 


62 


894 


96 


17 


33 


2 


1,299 


26 


1,273 


83 


1932 


94 


35 


264 


40 


7 


14 


1 


453 


8 


445 


115 


1937 


147 


89 


491 


46 


12 


21 


2 


809 


15 


794 


382 


1945 


100 


131 


1,202 


19 


- 


88 


5 


1,546 


49 


1,497 


1,817 


1946 


139 


139 


1,405 


41 


5 


129 


6 


1,864 


27 


1,838 


570 


Monthly Totals 
























1946— May 


10.7 


13.1 


113.4 


3.0 


.3 


14.9 


.8 


156.1 


1.9 


154.2 


52.8 


June 


13.9 


10.6 


106.6 


2.9 


.4 


13.4 


.3 


148.2 


2.1 


146.1 


28.3 


July 


12.1 


9.4 


112.5 


6.4 


.3 


10.7 


.3 


151.8 


2.6 


149.2 


46.1 


Aug. 


12.1 


13.5 


123.1 


2.9 


.2 


8.7 


.2 


160.8 


3.3 


157.5 


92.7 


Sept. 


11.4 


13.7 


115.8 


2.7 


.5 


10.9 


.4 


155.5 


2.1 


153.3 


23.2 


Oct. 


15.1 


15.1 


140.4 


3.7 


.9 


10.5 


.1 


185.9 


2.5 


183.4 


29.2 


Nov. 


14.4 


13.2 


149.5 


5.5 


1.1 


13.8 


.2 


197.7 


2.9 


194.8 


43.5 


Dec. 


11.3 


10.3 


145.6 


3.7 


.1 


9.9 


.5 


181.6 


2.4 


179.2 


39.4 


1947— Jan. 


13.7 


6.0 


136.6 


5.4 


1.2 


9.1 


1.2 


173.3 


1.8 


171.4 


46.2 


Feb. 


10.4 


12.9 


138.8 


3.9 


.8 


9.8 


.4 


177.0 


2.3 


174.7 


11.7 


Mar. 


13.8 


12.0 


165.5 


4.2 


.3 


12.7 


.4 


208.8 


2.9 


205.9 


9.9 


Apr. 


12.5 


12.1 


182.1 


4.2 


1.4 


12.8 


2 


225.4 


2.5 


222.9 


25.6 


May 


14.8 


20.4 


184.7 


5.7 


.5 


13.5 


.4 


240.0 


3.4 


236.5 


39.5 



Millions of Dollars 






2. MERCHANDISE EXPORTS*' 6 ' 
















DOMESTIC EXPORTS 


(Excluding Gold) TO 








Total 




British Empire ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
Non- 
Monetary 

Gold 
Exports 


Exports 
Including 




U.K. 


Other 

(2) 


Europe 

U) 


Far East 
«) 


Central' ' 

AND 

S. America 


Other 


Non- 

Monetary 

Gold 


Calendar Years 

1926 


316 


96 


458 


281 


61 


45 


4 


1,261 


30 


1,292 


1929 


225 


105 


493 


207 


68 


45 


11 


1,152 


37 


1,190 


1932 


151 


39 


159 


100 


20 


10 


12 


490 


70 


560 


1937 


384 


107 


382 


92 


33 


26 


7 


1,031 


145 


1,176 


1945 


963 


560 


1,197 


383 


10 


61 


44 


3,218 


96 


3,314 


1946 


598 


322 


888 m 


320 


60 


99 


26 


2,312 


96 


2,408 


Monthly Totals 

1946— May 


54.9 


31.2 


72.2 


25.2 


3.2 


7.6 


2.7 


197.0 


10.0 


207.0 


June 


30.6 


24.8 


66.5 


32.2 


4.5 


6.3 


1.7 


166.7 


7.7 


174.4 


July 


40.4 


32.7 


74.8 


26.7 


4.9 


7.5 


1.8 


188.7 


6.6 


195.3 


Aug. 


71.9 


35.1 


75.0 


40.8 


9.2 


9.8 


1.0 


242.7 


7.5 


250.1 


Sept. 


54.3 


23.1 


69.6 


11.9 


4.5 


5.4 


1.0 


169.8 


6.8 


176.5 


Oct. 


47.7 


24.7 


99.1 (7) 


18.8 


6.1 


6.9 


.9 


204.2 


8.5 


212.6 


Nov. 


57.9 


36.0 


89.2 


24.9 


9.4 


13.3 


1.5 


232.2 


6.0 


238.3 


Dec. 


59.4 


30.9 


83.9 


20.1 


5.1 


11.1 


1.5 


211.9 


6.7 


218.6 


1947— Jan. 


50.5 


29.8 


79.5 


23.4 


8.6 


15.6 


1.4 


208.6 


9.0 


217.6 


Feb. 


44.9 


25.1 


69.4 


22.2 


5.4 


11.5 


1.0 


179.5 


6.9 


186.4 


Mar. 


47.6 


30.5 


83.1 


30.3 


5.6 


9.6 


2.3 


209.0 


6.8 


215.8 


Apr. 


43.1 


26.8 


88.3 


17.2 


3.5 


10.1 


2.0 


190.9 


6.4 


197.3 


May 


90.5 


42.6 


79.8 


37.5 


4.3 


11.2 


2.0 


267.8 


8.2 


276.0 


June 


76.2 


51.5 


82.0 


46.5 


4.0 


9.8 


2.7 


272.7 


8.6 


281.3 



* It is important to note that under wartime conditions import and export statistics were not reliable indicators of international payments arising out 
of commodity trade; e.g. goods might be shipped overseas for use of Canadian forces, or might be shipped to destinations other than the country of 
purchase. Estimated payments and receipts arising from visible trade are presented in the Balance of International Payments Statistics. 

(1) Imports from the United Kingdom, do not include articles imported for the use of the armed forces of the United Kingdom, nor articles admitted 
free under Order in Council. Commencing in 1945 the item "Canadian goods returned" (9195) has been excluded; a large volume of Canadian military 
equipment and stores for which no payment is involved has been returned under this heading. 

(2) Includes Egypt. 

(3) Includes Turkey and U.S.S.R. 

(4) China, Japan, Korea, Siam, French East Indies, Netherland East Indies, Philippines, Portuguese Asia and Guam. 

(5) Includes Non-British West Indies and Mexico. 

(6) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data up to Dec. 1941. After that 
date (owing to lack of available data) customs figures are used. 

(') Includes wheat to the value of $ 13.5mm. shipped to U.S.A. for furtherance overseas. 



TATISTICAL SUMMARY 



BANK OF CANADA 



II 



in 



IV 



V 



VI 

VII 

VIII 

IX 

X 

XI 

XII 



Tables Charts Pages 

Bank of Canada: 

Liabilities and Assets 85-86 

Chartered Banks: 

Liabilities and Assets 87-88 

Cash in Canada and Canadian Deposits . 85 

Canadian Savings and Current Deposits 86 

Canadian Savings Deposits and Dom. Govt. Securities over 2 yrs. . . 87 

Current Loans to the Public in Canada and other Securities ... 88 

Security Prices: 

Govt. Securities, Canada, U.K. and U.S. A 89 

Yields of Govt. Bonds, Canada, U.K. and U.S.A 89 

Income Tax: Canada, U.S.A. and U.K 90 

Income Tax: Canada, U.S.A. and U.K 90 

Public Finance: Provincial Governments: 

Outstanding Debt 91-92 

Current Revenue 93 

Current Expenditure 94 

Business Activity 95 

Retail Sales: Value and Volume 95 

Wholesale Prices 96 

Price Indexes: Canada and U.S.A 96 

Canadian Wheat: Statistical Position 97 

Canadian Wheat: Supplies and Distribution 97 

Grains: Acreage and Production 98 

Livestock Marketings 99 

Imports and Exports By Countries 100 

Merchandise Imports: Commodity Classification 101-102 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



AUG. - SEPT. 1947 



85 



Millions of Dollars 



I— BAN D 





LIABILITIES 




Chartered Bank Cash 


Govt. 
Deposits 


Other 
Deposits 


Special 

Foreign 

Deposits* 1 ' 


Active 

B. of C. 

Note 

Circulation 


All 

Other 

Accounts 


Total 




Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


Liabiliti ' 
or 
Assets ' 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


290. 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373. 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


448. 


1941 


86.4 


221.9 


308.3 


55.7 


6.7 


_ 


320.0 


19.5 


710. 


1942 


100.2 


240.2 


340.4 


50.2 


17.2 


- 


472.0 


22.6 


902. 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


- 


661.0 


30.3 


1,174. 


1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,480. 


1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840. 


1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,898. 


End of 




















1946— Mar. 


124.7 


518.1 


642.8 


149.2 


89.1 


95.2 


977.5 


36.9 


1,990. 


Apr. 


154.5 


555.8 


710.3 


183.3 


62.7 


23.6 


959.9 


33.8 


1,973. 


May 


137.5 


493.9 


631.4 


87.1 


78.4 


2.0 


972.0 


55.1 


1,826 


June 


126.3 


500.5 


626.8 


57.9 


85.6 


2.0 


987.7 


32.1 


1,792 


July 


152.1 


532.5 


684.6 


69.1 


90.1 


1.8 


965.8 


40.2 


1,851 


Aug. 


134.0 


521.1 


655.2 


69.1 


79.7 


1.7 


993.4 


35.3 


1,834 


1947— Mar. 


147.3 


536.3 


683.5 


159.8 


64.6 


1.2 


1005.9 


30.9 


1,946 


Apr. 


164.8 


542.6 


707.4 


195.7 


69.3 


1.0 


989.1 


34.9 


1,997 


May 


142.4 


477.6 


620.0 


179.4 


58.5 


1.0 


1,005.7 


31.6 


1,896 
1,824 
1,847 


June 


151.8 


474.4 


626.2 


105.6 


54.4 


1.0 


1,000.8 


36.0 


July 


165.1 


468.3 


633.4 


124.1 


63.7 


.7 


988.6 


36.7 


Aug. 


144.4 


514.9 


659.3 


133.6 


58.7 


2.4 


1,014.5 


34.7 


1,903 



(1) Deposits payable in sterling, U.S.A. and foreign gold currencies, as shown under Item 5 (a) in the Bank of Canada Statement, representing foreign exchangf 
representing foreign exchange held for account of foreign clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to the enact: 
holdings, over and above its short-term requirements and necessary working balances, were sold to the Foreign Exchange Control Board. Since that dat 

CHARTERED BANKS : CASH IN CANADA* AND CANADIAN DEPOSITS s 1945-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



7000 



6500 



6000 



5500 



5000 




* See note (3) on page 87. 





[AUG. 


-SEPT. 1947 


















^CANADA 


















Millions of Dollars 


ASSETS 




Reserve 


Securities 


Advances 


All 
Other 

Accounts 




L 


Silver 


Foreign (2) 
Currencies 


Total"' 
Reserve 


Reserve 
Ratio 


Dom.-Prov. 
Under 


Dom.-Prov. 
Over 


Total"' 














% 


2 yrs. 


2 yrs. 






























Average of 






















Month-end Figures 


L...2 


1.4 


7.6 


160.1 


56.41 


27.4 


95.6 


123.0 


3.4 


3.9 


1935-10 Mths. 


1 


k.o 


2.5 


19.0 


203.5 


56.50 


59.7 


97.7 


163.9 


- 


5.9 


1937-12 Mths. 


) 


).8 


- 


41.7 

* 


252.5 


57.72 

* 


142.8 
* 


46.2 


189.1 

* 


.2 


6.7 


1939 






_ 


84.1 


84.1 




449.9 


155.2 


605.1 


.9 


20.3 


1941 






— 


115.6 


115.6 




517.7 


247.9 


765.6 


.5 


20.8 


1942 






— 


18.8 


18.8 




791.2 


339.5 


1,130.6 


- 


25.2 


1943 






- 


44.1 


44.1 




831.1 


573.6 


1,407.1 


.4 


29.3 


1944 






— 


173.9 


173.9 




1,028.5 


595.9 


1,634.4 


.5 


31.8 


1945 






— 


27.3 


27.3 




1,247.3 


583.4 


1,842.4 


— 


29.1 


1946 

End of 






- 


95.2 


95.2 




1,296.2 


559.9 


1,866.1 


- 


29.4 


Mar.— 1946 






- 


24.1 


24.1 




1,348.0 


553.0 


1,910.9 


- 


38.6 


Apr. 






- 


2.0 


2.0 




1,230.0 


541.1 


1,781.2 


.1 


42.8 


May 






- 


2.0 


2.0 




1,218.5 


540.7 


1,769.2 


- 


20.8 


June 


■ 




- 


1.8 


1.8 




1,276.5 


541.8 


1,828.3 


- 


21.4 


July 


: 




- 


1.7 


1.7 




1,257.7 


530.8 


1,798.5 


- 


34.1 


Aug. 






_ 


1.2 


1.2 




1,146.9 


757.5 


1,919.3 


— 


25.4 


Mar.— 1947 






- 


1.0 


1.0 




1,186.0 


751.2 


1,952.2 


4.0 


40.2 


Apr. 


1 




- 


1.0 


1.0 




1,123.0 


731.0 


1,869.0 


- 


26.3 


May 


| 




- 


4.0 


4.0 




1,063.7 


716.0 


1,794.7 


- 


25.4 


June 






- 


.7 


.7 




1,081.9 


722.6 


1,819.5 


- 


27.0 


July 


1 


1 




2.4 


2.4 




1,141.5 


720.3 


1,876.8 




24.0 


Aug. 



86 



sit fox account of foreign clients. (2) Includes an amount of foreign exchange equal to the amount shown under Item 5 (a) in the Bank of Canada Statement 
le War Measures Act, of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange 
minimum gold reserve requirement has been suspended. 

CHARTERED BANKS •• CANADIAN SAVINGS AND CURRENT DEPOSITS : 1945-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



3800 



3400 



3000 



2600 




3800 



3400 



3000 



2600 



M J J A 
1946 



A M J J 
1947 



(1) All Canadian Deposits other than Public Savings Accounts. 



87 



AUU. - iWPT. iU7 



Millions of Dollars 



II— CHAM |D 

Bank 





LIABILITIES 






Notes 


Deposits 


Cash 

in o) 


Securities 








Dom. 


Canadian 




Total 


DOM.- 


PROV. 


Foreign 
Govt. 








Demand 


Notice 


and Prov. 


Deposits 

(i) 


Foreign 


Deposits 

(2) 








Othi 














Under2yrs. 


Over 2 yrs. 




Average of 


























Month-end figures 


























1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


344 


189 


1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 


1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


23! 


1941 


82 


1,088 


1,616 


322 


3,017 


439 


3,527 


308 


761 


722 


62 


18 


1942 


72 


1,341 


1,645 


347 


3,319 


501 


3,905 


340 


997 


810 


106 


16 


1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


14 


1944 


37 


1,864 


2,273 


570 


4,686 


716 


5,531 


527 


1,842 


1,149 


209 


15 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,S63 


1,575 


228 


19 


1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


27 


End of 

1946-Mar. 


24 


1,985 


3,170 


626 


5,786 


800 


6,712 


643 


1,671 


2,028 


251 


24 


Apr. 


24 


2,179 


3,238 


482 


5,911 


837 


6,878 


710 


1,652 


2,056 


277 


25: 


May 


24 


2,207 


3,306 


369 


5,893 


842 


6,858 


631 


1,634 


2,092 


304 


27 


June 


23 


2,150 


3,363 


242 


5,780 


851 


6,761 


627 


1,593 


2,089 


318 


27 


July 


23 


2,197 


3,411 


279 


5,931 


770 


6,811 


685 


1,593 


2,145 


284 


27 


Aug. 


23 


2,148 


3,466 


278 


5,935 


782 


6,827 


655 


1,604 


2,161 


276 


2{ 


1947-Mar. 


21 


1,996 


3,619 


573 


6,232 


885 


7,221 


684 


1,148 


2,429 


260 


4( 


Apr. 


20 


2,166 


3,637 


553 


6,404 


880 


7,386 


707 


1,077 


2,548 


304 


4! 


May 


20 


2,053 


3,682 


330 


6,125 


847 


7,075 


620 


875 


2,602 


295 


3! 


June 


20 


2,186 


3,644 


322 


6,208 


867 


7,181 


626 


786 


2,643 


299 


4 - 


July 


19 


2,126 


3,689 


355 


6,229 


858 


7,194 


633 


731 


2,656 


309 


4 - 


Aug. 


19 


2,058 


3,774 


353 


6,247 


858 


7,214 


659 


727 


2,652 


301 


4: • 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and De; ( 

CHARTERED BANKS -CANADIAN SAVINGS DEPOSITS AND DOMINION GOVERNMENT 
SECURITIES OVER 2 YEARS MATURITY: 1945-47 

MILLIONS OF DOLLARS MILLIONS OF DOLLARS 

4000 MONTH -END FIGURES 14000 



3500 



3000 



2500 



2000 



1500 



1000 



3500 



3000 



2500 




2000 



MJJASONDJFMAMJJASONDJ 
1945 1946 

(1) Excluding securities temporarily held re public purchases of Victory Bonds on official installment plans. 



M J J 
1947 



AUG. - SEPT. 1947 



88 



*]D BANKS 

"a ada 



Millions of Dollars 



ASSETS 




Loans 




>tal 


CANADA 


ABROAD 


Total 

Assets 


Call 


Current 
Public 


Current 
Other 


Call 


Current 


• . 

533 


140 


934 


87 


250 


261 


2,864 


499 


267 


1,343 


112 


301 


248 


3,528 


696 


117 


1,032 


165 


84 


172 


2,869 


1426 


107 


732 


117 


68 


165 


3,317 


1727 


34 


1,091 


95 


44 


133 


4,008 


2373 


29 


1,075 


80 


56 


127 


4,400 


2714 


35 


1,053 


62 


81 


102 


5,149 


5 $53 


62 


1,022 


44 


100 


114 


5,990 


2358 


130 


1,100 


35 


108 


131 


6,743 


4287 


132 


1,223 


44 


87 


155 


7,430 


4197 


148 


1,133 


48 


106 


149 


7,193 


4243 


152 


1,114 


46 


106 


152 


7,374 


4504 


125 


1,140 


46 


90 


150 


7,361 


4275 


115 


1,148 


40 


74 


154 


7,270 


4597 


96 


1,190 


40 


68 


142 


7,317 


|36 


98 


1,210 


40 


77 


148 


7,342 


4!39 


121 


1,507 


48 


84 


188 


7,799 


4(49 


97 


1,581 


47 


79 


200 


7,970 


4 62 


81 


1,623 


41 


75 


207 


7,649 


431 


106 


1,667 


42 


79 


191 


7,750 


410 


99 


1,715 


46 


80 


184 


7,769 


408 


82 


1,749 


55 


84 


183 


7,795 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in o) 
Canada 


Deposits 

(4) 


Canadian 
Deposits 


_ Note (5 ) 
Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


313 


2,975 


10.5 


386 


1941 


342 


3,263 


10.5 


523 


1942 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672 


5,916 


11.4 


992 


1946 


639 


5,765 


11.1 


978 


Mar.- 1946 


663 


5,781 


11.5 


985 


Apr. 


683 


5,795 


11.8 


979 


May 


657 


5,789 


11.3 


983 


June 


664 


5,841 


11.4 


987 


July 


681 


5,898 


11.6 


992 


Aug. 


671 


6,103 


11.0 


1,013 


Mar.- 1947 


691 


6,233 


11.1 


1,013 


Apr. 


677 


6,172 


11.0 


1,005 


May 


648 


6,178 


10.5 


1,003 


June 


642 


6,164 


10.4 


1,003 


July 


644 


6,196 


10.4 


1,007 


Aug. 



i ures given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
Ink of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 

CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 
AND OTHER' SECURITIES: 1945-47 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2000 



1800 



1600 



1400 



1200 



1000 




2000 



1800 



1600 



1400 



1200 



1000 



MJ JA SON DJ FMAMJ JASON DJFMAMJ J 
1945 1946 1947 

(1) Excluding temporary borrowings re public purchases of Victory Loans and Canadian Savings Bonds incurred at time of issue. 

(2) Securities other than those issued by Dominion. Provincial or foreign governments. 



89 



AUG. -SEPT. 1947 









III— SECURITY 


PRICES 
















Bank of Canada 














Government Bonds 






3 Month Treasury Bills 




Average of Business Days 


Tender Rate Nearest 15th of Month 




Canada ( " 


U. K.< 2 > 


U.S.A.") 




















Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 




















1944 


- 


- 


100.08 


2.99 


100.18 


2.49 


.385 


1.004 


.375 


1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


365 


.895 


.375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


.388 


.505 


.375 


Monthly 




















1946— May 


104.68 


2.63 


105.11 


2.53 


105.24 


2.14 


.385 


.504 


.375 


June 


104.81 


2.61 


104.62 


2.57 


105.65 


2.11 


.393 


.505 


.375 


July 


104.83 


2.61 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


.375 


Aug. 


104.75 


2.62 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


.376 


Sept. 


104.75 


2.61 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


.375 


Oct. 


104.75 


2.61 


106.58 


2.39 


103.99 


2.22 


.395 


.506 


.375 


Nov. 


104.79 


2.61 


108.46 


2.22 


104.09 


2.21 


.396 


.507 


.376 


Dec. 


104.77 


2.61 


108.35 


2.22 


104.19 


2.20 


.396 


.500 


.375 


1947— Jan. 


104.76 


2.61 


108.54 


2.20 


104.68 


2.17 


.399 


.500 


.375 


Feb. 


104.83 


2.60 


107.65 


2.28 


104.78 


2.16 


.399 


.506 


.376 


Mar. 


104.85 


2.60 


105.54 


2.47 


105.07 


2.14 


.399 


.506 


.376 


Apr. 


104.75 


2.60 


106.01 


2.42 


105.04 


2.14 


.407 


.510 


.376 


May 


104.89 


2.59 


106.47 


2.37 


104.97 


2.14 


.407 


.505 


.376 


June 


105.00 


2.58 


105.84 


2.43 


104.58 


2.17 


.407 


.506 


.376 


July 


105.00 


2.58 


103.27 


2.67 


104.18 


2.20 


.408 


.504 


.594 


Aug. 


104.85 


2.59 


99.86 


3.01 


104.21 


2.19 


.411 


.509 


.741 


§?$> 


104.86 


2.58 


100.18 (4> 


2.98 w 


104.35 


2.18 


.407 


.511 


.789 



(l) Dominion of Canada 3% due Sept. 1, 1961-66. (2) United Kingdom 3% due Apr. 15, 1959-69. 
not eligible for commercial banks before Dec. 1, 1952. (4) Sept. 1-19. 



(3) U.S. Treasury 2>i% due Dec. IS. 1963-68 is 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: CANADA. U.K. & U.S.A.: 1946-47 

Daily Opening Quotations 



2.1% 



2.3% 



2.3% 



25% 



2 7% 



29% 



3.1% 




JAN. TEB MAO 

* Security is not eligible for commercial banks before Dec. 1. 1952. (1) Sept. 19 



AUG SEPT OCT. NOV. DEC 

1946 



APR. MAY JUNE JULY 

1947 



So. SEPT. 



2 1% 



23% 



23% 



25% 



2.7% 



2 9% 



3.1% 



AUG. - SEPT. 1947 



90 



IV— COMPARATIVE INCOME TAX RATES*: CANADA, 

Dollars 


U.S.A. AND U.K. 












MARRIED PERSON WITHOUT 


MARRIED PERSON 


WITH 


Gross 


SlNljLh. FKKSUIN 




CHILDREN 




TWO CHILDREN 




Canada 


U.S.A. 


U.K. 


Canada 


U.S.A. 


U.K. 


Canada 


U.S.A. 


U.K. 


600 


_ 


8 


9 


_ 


_ 




• 

-144 


_ 


-52 


750 


- 


33 


27 


_ 


- 


- 


-144 


- 


-52 


1,000 


29 


76 


87 


- 


- 


16 


-144 


- 


-52 


1,250 


70 


121 


163 


- 


24 


65 


-144 


- 


-52 


1,500 


120 


167 


257 


- 


66 


130 


-144 


- 


-40 


1,750 


170 


212 


351 


29 


109 


224 


-139 


- 


5 


2,000 


220 


257 


445 


70 


152 


318 


-108 


- 


68 


2,250 


270 


304 


538 


120 


195 


411. 


- 64 


5 


161 


2,500 


320 


350 


632 


170 


238 


505 


- 14 


48 


255 


3,000 


420 


447 


820 


270 


328 


693 


86 


133 


442 ' 


3,500 


520 


548 


1,007 


370 


421 


880 


186 


221 


630 


4,000 


620 


650 


1,195 


470 


523 


1,068 


286 


311 


817 


5,000 


835 


858 


1,570 


670 


726 


1,443 


486 


505 


1,192 l| 


7,500 


1,465 


1,536 


2,616 


1,260 


1,367 


2,489 


1,064 


1,108 


2,243 


10,000 


2,253 


2,333 


3,935 


1,990 


2,141 


3,808 


1,786 


1,824 


3,567 M 


20,000 


6,515 


6,692 


10,273 


6,140 


6,414 


10,146 


5,896 


5,922 


9,911 


35,000 


14,478 


15,416 


21,819 


14,065 


15,088 


21,693 


13,811 


14,471 


21,466 


50,000 


22,728 


25,338 


34,761 


22,315 


24,980 


34,635 


22,061 


24,287 


34,413 


75,000 


37,690 


43,706 


58,250 


37,240 


43,310 


58,123 


36,976 


42,534 


57,903 


100,000 


53,903 


63,757 


82,485 


53,415 


63,334 


82,358 


53,141 


62,503 • 


82,139 



wtf 



* Rates shown are those effective in the latter part of 1947, and applicable to earned income as distinct from investment income. U.K. rates are com- 
puted on the basis of £. = $4.03. 

In the case of U.S. the combined federal and New York State income tax is shown; in Canada and U.K. there are no levies comparable to U.S. state 
income taxes. 

In the case of a married person in U.S., any income of the spouse would have to be added before the calculation of the tax, but the rates shown in the 
table are calculated on the assumption that such income is zero. In Canada a married person's income tax is not affected by any income of the spouse 
up to $250. 

In the case of U.S. the tax was calculated after making the "standard" deduction of 10% from gross income (up to $5,000) in lieu of contributions 
to non-profit organizations, interest paid, state and local taxes and medical and other personal expenditures exempt; for gross incomes over $5,000 
there was also deducted the New York State income tax in excess of the amount of such tax on a $5,000 gross income. No similar deductions from 
gross income were made in calculating the Canadian and U.K. tax, although actual personal expenditures of certain types are exempt within specified 
limits. 

•k For purposes of comparability the family allowance received by a Canadian taxpayer with children is deducted from the income tax payable by him 
since for income taxpayers the family allowance takes the place in part of the former income tax exemption for children. As a result the table shows, 
at low incomes, a negative income tax equal to the family allowance received. Similar allowance is made for family allowances paid in the U.K. in 
respect of children after the first. 

INCOME TAX AS PERCENTAGE OF GROSS INCOME"!": CANADA, U.S.A. & U.K. 

Married Person Without Children 

60%] 1 1 1 1 1 1 1 1 1 1 I 360% 




$500 $750 Sl,000 $1,500 $2000 $3,000 $4,000 $5,000 $7,500 $10,000 $15,000 $20,000 $30,000 

t See footnotes above. GROSS INCOME ■ RATIO SCALE 



91 



AUG. - SEPT. 1947 



Millions of Dollars 



V— PROVINCIAL GOVERNS 

Bank of Canada, Dominion Bureau of SUW> 



Fiscal year-end nearest to Dec. 31st 


1926 


1930 


1933 


1937 


1939 


1940 


1943 


1944 


1945 


1946 
• 


Direct Debt 

Funded Debt (2) 


740.2 
41.6 


974.9 
60.6 


1,265.9 

85.4 


1,511.6 
123.4 


1,714.6 
143.1 


1,734.5 

156.8 


1,684.3 

182.1 


1,678.2 
223.3 


1,641.6 
199.6 


1,672.2 


Less Sinking Funds 


228.4 






Net Funded Debt 


698.6 
62.1 


914.3 
91.2 


1,180.5 

51.6 
89.2 


1,388.2 

129.5 
103.3 


1,571.5 

155.9 
108.0 


1,577.7 

160.6 

109.4 


1,502.2 

166.6 
62.1 


1,454.9 

182.9 
56.1 


1,442.0 

178.1 
32.0 


1,443.8 


Treasury Bills 

Held by Dominion 


175.8 


Held by Others 


33.5 






Total Treasury Bills 


62.1 

43.8 

1.9 

9.4 

9.7 

18.3 


91.2 
49.0 
8.5 
10.8 
13.5 

19.3 


140.8 
30.8 
9.9 
15.4 
17.9 
20.7 


232.8 
47.3 
14.4 
27.9 
18.0 

26.4 


263.9 
42.5 
10.9 
33.8 
19.0 

29.6 


270.0 

41.7 

8.2 

28.5 

21.1 

27.6 


228.7 

41.5 

.8 

36.3 

17.8 

30.3 


239.0 

45.8 

8.3 

38.8 

17.6 

34.0 


210.1 
48.4 
24.4 
41.9 
17.9 

33.2 


209.3 


Savings Deposits 


50.6 




17.7 


Superannuation & Other Deposits. . . 
Accrued Interest. . 


46.1 
17.9 


Accounts Payable & 


31.0 






Total Direct Debt (Less sinking Funds) . . 
Indirect Debt 


843.8 

98.8 

.7 


1,106.6 

108.5 
3.4 


1,416.0 

123.3 

5.2 


1,755.0 

166.7 
13.3 


1,971.2 

164.1 
7.1 


1,974.8 

164.4 

7.5 


1,857.6 

148.5 

5.5 


1,838.4 

151.0 
6.4 


1,817.9 

135.1 

4.6 


1,816.4 

131.6 

5 4 






Net Guaranteed Bonds 


98.1 

3.3 
3.1 


105.1 

10.3 
16.0 


118.1 

22.0 
16.9 


153.4 

36.9 

17.7 


157.0 

3.9 

38.0 

19.7 


156.9 

7.5 

37.7 

19.8 


143.0 

5.7 
20.5 

14.5 


144.6 

5.5 

8.9 

13.3 


130.5 

5.3 

8.3 

12.4 


126 2 


Dominion Loans under M.I. A. Act <5) . 
Guaranteed Bank Loans 


5.1 

7 6 


Other Indirect Debt (6) 


11 3 






Total Indirect Debt (Less sinking Funds) 


104.5 


131.4 


157.0 


208.0 


218.6 
2,189.8 


221.9 


183.7 


172.3 


156.5 


150.2 


Total Direct and Indirect Debt 

(Less Sinking Funds) 


948.3 


1,238.0 


1,573.0 


1,963.0 


2,196.7 


2,041.3 


2,010.7 


1,974.4 


1,966.6 




Provincial Distribution 

Prince Edward Island 


2.1 
38.6 
37.8 
98.4 
■ 404.2 
90.1 
58.8 
122.4 
95.9 


2.8 

55.4 

52.5 

104.9 

552.7 

107.6 

98.4 

136.5 

127.2 


3.9 
67.4 
61.5 
170.5 
692.4 
118.5 
153.3 
157.6 
147.9 


5.9 
93.1 
82.2 
285.6 
806.1 
122.4 
216.1 
172.3 
179.3 


8.9 
101.3 
100.4 
405.2 
869.2 
123.8 
233.3 
168.9 
178.8 


9.7 
101.7 
99.8 
425.9 
859.5 
120.3 
234 .4 
168.6 
176.8 


9.3 
91.8 
95.5 
400.8 
789.6 
109.7 
213.5 
168.7 
162.4 


9.8 
89.3 
95.7 
398.2 
774.5 
103.0 
207.5 
169.0 
163.7 


10.5 

95.9 

96.6 

387.0 

757.3 

97.1 

196.6 

160.9 

172.5 


11.5 


Nova Scotia 


96.9 


New Brunswick 


104.4- 


Quebec"' 


367.8 


Ontario 


760.2 


Manitoba 


95.2 


Saskatchewan 


201.0 


Alberta <3> 


156.8 


British Columbia 


172.8 






Total Direct and Indirect Debt 

(Less Sinking Funds) 


948.3 


1,238.0 


1,573.0 


1,963.0 


2,189.8 


2,196.7 


2,041.3 


2,010.7 


1,974.4 


1,966.6 



(1) For purposes of comparability certain liability items shown on Provincial Balance Sheets such as reserves and trust and special deposits covered by 
designated assets have been excluded. The analysis in general conforms with that used in Comparative Statistics of Public Finance. Dominion-Provincial 
Conference. 

(2) Bonds, debentures and stock, including debenture debt assumed. 

(3) Alberta figures for years 1937 to 1946 inclusive, include a liability for unpaid interest on bonds, debentures and savings certificates which, for the years 
1937 to 1944 inclusive, is based on the assumption that the net amount of back interest provided for under the Debt Refunding Plan was accumulated evenly 
over the period. The 1945 figure includes $10.8 mm., being the portion of interest adjustments deferred under the plan and in 1946 the corresponding 
figure is $8.7 mm. 



AUG. -SEPT. 1947 



92 



TS : OUTSTANDING DEBT<" 

s and Dominion - Provincial Conference 



















Millions t 


/ Dollars 


Fiscal year-end nearest to Dec. 31st 


1926 


1930 


1933 


1937 


1939 


1940 


1943 


1944 


1945 


1946 


FUNDED DEBT (Less Sinking Funds) 

Prince Edward Island 


1.4 
32.9 
32.8 
73.4 
272.9 
62.9 
55.0 
84.5 
82.8 


1.7 
50.7 
38.6 
74.4 

397.7 
75.5 
80.1 

101.6 
94.0 


3.0 

60.9 

57.0 

111.4 

518.3 

82.4 

105.4 

120.8 

121.3 


4.7 

85.3 

68.5 

232.2 

575.7 

82.6 

111.4 

116.1 

111.7 


5.7 

92.1 

94.2 

351.8 

618.7 

79.2 

108.0 

114.9 

106.9 


6.8 

94.5 

91.9 

361.0 

616.6 

75.3 

107.5 

114.2 

109.9 


7.9 

87.1 

91.0 

328.3 

609.7 

66.9 

101.3 

111.8 

98.2 


8.1 

81.0 

89.6 

328.3 

582.6 

61.9 

96.4 

111.0 

96.0 


7.6 

81.8 

91.3 

340.7 

560.8 

56.9 

91.1 

114.6 

97.2 


8.9 


Nova Scotia 


89.8 


New Brunswick 


99.0 


Quebec 


323.6 


Ontario 


563.3 


Manitoba 

Saskatchewan 

Alberta 


55.2 

91.3 

112.8 


British Columbia 


99.9 






Total 


698.6 


914.3 


1,180.5 


1,388.2 


1,571.5 


1,577.7 


1,502.2 


1,454.9 


1,442.0 


1,443.8 






Treasury Bills Held by Dominion 

Manitoba 


- 


- 


10.5 

23.8 

10.5 

6.8 


21.4 
48.3 
26.5 
33.3 


25.2 
69.7 
26.5 
34.5 


25.2 
74.2 
26.5 
34.7 


24.8 
81.0 
26.3 
34.5 

166.6 


24.8 
97.4 
26.2 
34.5 


24.7 
92.7 
26.2 
34.4 


24.7 


Saskatchewan 


90.7 


Alberta 


26.2 


British Columbia 


34.1 






Total 


— 


- 


51.6 


129.5 


155.9 


160.6 


182.9 


178.1 


175.8 






Treasury Bills Held by Others 

Nova Scotia 


2.5 

6.8 

48.0 

1.8 

.8 

2.2 


1.5 
4.7 

39.0 
8.2 
7.9 
9.9 

20.0 


1.5 

.8 

13.5 

36.6 

18.1 

11.9 

1.0 

5.8 


2.2 

5.9 

9.5 

49.0 

11.9 

17.5 

1.0 

6.3 


3.2 

64.0 

11.2 

18.4 

1.7 

9.6 


2.9 

9.5 

61.0 

11.0 

16.6 

1.7 

6.7 


33.2 

3.0 

10.5 

11.9 

1.7 

1.8 


2.2 

.6 

31.2 

8.8 
8.9 
1.7 
2.7 


8.5 

8.5 
7.5 

7.6 




New Brunswick 




Quebec 


7.3 


Ontario 




Manitoba 


8.5 


Saskatchewan 


14.1 


Alberta 




British Columbia 


3.6 


Total 




62.1 


91.2 


89.2 


103.3 


108.0 


109.4 


62.1 


56.1 


32.0 


33.5 






Other Direct Debt (8 > 

Prince Edward Island 


.6 

3.1 

3.9 

11.8 

27.0 

16.8 

1.4 

12.5 

6.0 


1.1 

2.7 

8.0 

10.9 

36.0 

16.7 

4.1 

14.4 

7.2 


1.0 

4.2 

2.1 

15.8 

38.3 

2.3 

7.1 

16.6 

7.3 


1.2 

5.0 

6.0 

11.1 

53.6 

2.6 

12.9 

20.3 

21.3 


3.1 

3.7 

3.8 

21.7 

54.5 

4.6 

8.1 

16.6 

19.6 


2.6 

4.0 

2.2 

16.7 

52.3 

4.9 

9.8 

17.8 

16.8 


1.2 

1.9 

2.5 

17.0 

54.1 

4.9 

3.4 

22.7 

19.1 


1.6 

3.4 

3.2 

17.9 

64.1 

5.1 

3.3 

24.2 

21.7 


2.8 
11.4 

3.4 
18.3 
78.8 

4.7 

3.8 
18.2 
24.4 


2.6 


Nova Scotia 


4.5 


New Brunswick 


3.4 


Quebec 


18.8 


Ontario 


82.5 


Manitoba 


4.7 


Saskatchewan 


4.0 


Alberta (3> 


16.3 


British Columbia 


26.5 


Total 




83.1 


101.1 


94.7 


134.0 


135.7 


127.1 


126.8 


144.5 


165.8 


163.3 






Total Indirect Debt (Less sinking Funds) 

Prince Edward Island 


.1 
1.2 
6.5 

56.3 
8.7 
1.5 

25.4 
4.8 


.5 

1.1 

19.6 

80.0 

7.3 

6.3 

10.6 

6.0 


.9 
1.6 
29.7 
99.2 
5.2 
5.0 
8.7 
6.7 


.1 

.4 

1.9 

32.8 

127.8 

4.0 

26.0 

8.3 

6.6 


.1 

2.4 

2.4 

31.7 

131.9 

3.5 

29.1 

9.3 

8.2 


.2 

3.2 

2.8 

38.6 

129.6 

3.9 

26.4 

8.5 

8.7 


.2 

2.7 

2.0 

22.2 

122.9 

2.8 

15.8 

6.3 

8.8 


.2 
2.7 
2.2 
20.8 
127.7 
2.5 
1.4 
5.9 
8.9 


.1 
2.7 
1.9 
19.5 
117.7 
2.3 
1.5 
1.9 
8.9 


1 


Nova Scotia 


2 6 


New Brunswick 


2 


Quebec'" 


18 1 


Ontario 


114 5 


Manitoba 


2 1 


Saskatchewan 


8 


Alberta 


1 4 


British Columbia 


8 6 


Total 




104.5 


131.4 


157.0 


208.0 


218.6 


221.9 


183.7 


172.3 


156.5 


150 2 







(4) 
1 5) 
(65 
(75 



Excluding C.N.R. bonds guaranteed by provinces. 

Municipal Improvements Assistance Act. 

See note (7). 

Quebec figures of indirect debt exclude 7.9, 16.1. 18.6 and 20.1 (est.) in the years 1943, 1944, 1945 and 1946 being commitments on Public Charities Fund 

payable to institutions in equal instalments. Similar grants in other provinces are voted annually through current account and not shown as contingent 

liabilities. 

Includes savings deposits, temporary loans, superannuation and other deposits, accrued interest, accounts payable and other liabilities. 

Approximate figures, compiled from information contained in budget speeches, preliminary releases and related material. 



93 



AUG. -SEPT. 1947 



Millions of Dollars 



V— PROVINCIAL GOVERNMENTS : CURRENT REVENUE"' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Fiscal Year nearest to Calendar Year 


1926 


1930 


1933 


1937 


1939 


(2) 

1940 


1943 


1944 


1945 


1946 
• 


1947 
•• 


From the Public 

Taxes on Income of Individuals 

Taxes on Corporation Profits 


1.5 

1.6 

11.9 

21.3 

15.7 

16.4 

4.9 

6.5 
15.9 

9.5 

2.3 

7.8 
2.5 


2.1 

2.6 

14.0 

18.6 

20.7 

32.6 

4.5 

23.5 
19.7 

6.0 

1.8 

8.6 
3.2 


5.2 

3.2 

16.0 

12.8 

12.8 

16.4 

3.2 

26.2 
20.6 

5.5 

2.6 

7.7 
2.4 


11.8 
8.7 
21.1 
25.4 
36.7 

29.7 

2.8 

38.8 
26.5 

5.5 
1.9 
2.9 

8.6 
2.3 


12.1 
11.1 
21.3 
24.0 
27.8 

33.4 

2.6 

53.1 

28.1 

6.8 
2.7 
2.6 

9.0 
2.9 


16.3 
29.0 
25.3 
29.7 
22.2 

37.1 
2.0 
2.7 

56.6 
29.6 

5.6 

11.8 

2.9 

8.7 
2.3 


1.1 

.4 

.2 

33.2 

24.4 

65.0 
4.5 
4.3 

45.6 
30.5 

7.9 

17.5 

3.8 

9.6 
4.1 


.6 

.3 

.4 

35.0 

23.5 

70.4 
5.0 
5.7 

47.1 
31.0 

7.8 

17.9 

4.2 

11.1 
3.6 


.3 

.1 

.8 

40.2 

25.2 

99.7 
5.6 
6.6 

58.1 
31.8 

7.1 

20.8 

5.7 

12.4 
3.6 


.2 

.1 

.6 

48.6 

32.2 

110.4 
6.3 

7.1 

■ 74.1 
34.7 

6.7 

26.1 

6.1 

12.9 

8.4 


1 (3) 


Other Corporation Taxes 


62.6 


Revenue from Public Domain 


J 
48 1 


Succession Duties 


20 <4) 


Liquor Revenue (Net) 


95 4 


Tobacco Tax 


6 5 


Amusement Taxes 


6 9 


Gasoline Taxes 


99 5 


Motor Vehicle Licences 


38 4 


Taxes on Real Property 


5 1 


Retail Sales Taxes 


21 2 


Miscellaneous Taxes 


6 1 


Licences, Permits and Fees vehicles) • • • • 
Other Revenue 


12.4 

7 8 






Total from the Public 


117.8 


157.9 


134.6 


222.7 


237.5 


281.8 


252.1 


263.6 


318.0 


374.5 


430 






From the Federal Government' 6 ' 

Subsidies 


12.5 

2.2 


12.6 
1.6 

1.8 


13.7 
1.6 

1.9 


13.7 
8.1 

1.5 


13.7 
6.1 

1.6 


13.7 
6.1 

1.6 


14.4 

81.9 
12.7 

1.7 


14.4 

80.7 

10.6 

1.6 


14.4 

83.3 
3.5 
1.6 


14.4 

80.7 

.1 

1.6 


16.8 


Interim Grants (7) 




Transfers under Fed. -Prov. Tax Agree' ts. 
Gasoline Tax Guarantees 


(8) 

128.8 


Common School & School Lands Funds 


1.6 


Total from Federal Govt. <6) 


14.7 


16.0 


17.2 


23.3 


21.4 


21.4 


110.7 


107.3 


102.8 


96.8 


147.2 


Total Current Revenue 


132.5 


173.9 


151.8 


246.0 


258.9 


303.2 


362.8 


370.9 


420.8 


471.3 


577.2 






Provincial Distribution"' 

Prince Edward Island 


.9 
4.6 
4.1 
29.8 
37.9 
10.3 
12.8 
10.7 
21.4 


1.1 
6.7 
6.4 
43.4 
55.2 
11.2 
13.1 
13.4 
23.4 


1.2 
6.7 
5.0 
31.1 
52.1 
12.3 
11.9 
12.3 
19.2 


1.6 
10.5 

7.7 
57.3 
87.0 
15.4 
16.8 
19.1 
30.6 


1.7 
11.7 

8.2 
59.8 
87.5 
16.6 
20.6 
20.3 
32.5 


1.7 
13.2 

10.0 

(2) 

80.1 
103.0 
17.4 
21.0 
21.3 
35.5 


2.0 
16.8 
12.3 
97.5 
117.3 
19.4 
30.9 
27.6 
39.0 


2.2 
17.6 
12.8 
100.7 
115.5 
20.4 
31.6 
29.1 
41.0 


2.5 
19.0 
14.2 
114.7 
132.6 
22.6 
34.4 
34.7 
46.1 


3.4 

21.4 

18.5 

145.8 

136.0 

(10) 

21.8 

(10) 

36.9 
36.3 
51.2 


4.1 


Nova Scotia 


26.1 


New Brunswick 


21.1 


Quebec 


159.5 


Ontario 


186.5 


Manitoba 


30.0 


Saskatchewan 


45.8 


Alberta" 


42.4 


British Columbia 


61.7 






Total Current Revenue 


132.5 


173.9 


151.8 


246.0 


258.9 


303.2 


362.8 


370.9 


420.8 


471.3 


577.2 







(1) Excludes interest receipts; Federal grants-in-aid for unemployment relief, old age pensions, technical education, etc.; refunds from other provinces, munici- 
palities, etc.; and institutional revenues from sales of produce and services, all of which have been deducted from the corresponding items of expenditure. 

(2) Quebec figures for the nine month fiscal period ended March 31, 1941 have been adjusted to twelve month period. 

(3) Change from previous year due to expiry of wartime tax agreements. 

(4) Change from previous year due in large part to rental of succession duties field to the Federal Government by those provinces entering postwar tax agreements. 

(5) Includes Highway Tax (N.S.) and Municipal Commissioner's Levy (Man.). 

(6) Excludes Federal grants-in-aid. (See note 1). 

(7) Excludes amounts which provinces pay to municipalities. 
(S) Includes 63.3 holdbacks under wartime tax agreements. 

(9) Totals will differ from the total revenue figures in the provincial Public Accounts since for the purpose of comparison a number of adjustments have been 
made including the deduction of certain items of revenue from the corresponding expenditure. (See note 1). 

(10) Due to change in fiscal year end, information covers eleven months only. 

(11) Alberta revenue figures for the years 1937-1945 inclusive have been adjusted to conform to arrangements with the Dominion in connection with the Debt 
Refunding Plan. 

•fr Approximate figures, compiled from information contained in budget speeches, preliminary releases and related material. Figures for Manitoba and Saskat- 
chewan cover an eleven month fiscal period due to change in fiscal year end from April 30 to March 31. 
icif Compiled from information contained in official estimates adjusted to a comparable basis. 



. 



AUG. - SEPT. 1947 



94 



V— PROVINCIAL GOVERNMENTS : CURRENT EXPENDITURE"' 

Bank of Canada, Dominion Bureau of Statistics and Dom. - Prov. Conference 



Millions of Dollars 



Fiscal Year nearest to Calendar Year 



Education 



Public Welfare (Ex. Relief) 

Old Age Pensions"' . 

Health and Hospital Care. . 
Other 



Total Public Welfare (Ex. Relief) 
Highways & Other Aids to Transport 

Public Domain 

Agriculture 

Administration of Justice 

General Government") 

Legislation 

Gross Debt Service (Ex. Debt Repayment) 
Less Interest Revenue Received^ 



(4) 



Net Debt Service 

Subsidies to Municipalities for 
General Purposes 



Other 

Sub -Total (Ex. Relief) . 
Relief' 6 ' 



Total Current Expenditure 

(Ex. Debt Repayment) 



1926 



25.5 



10.6 
6.5 



1930 



17.1 

19.6 

8.9 

4.7 

9.6 

9.4 

2.4 

41.6 

18.4 



23.2 

1.1 
2.4 



123.9 
.1 



124.0 



33.8 



4.6 
17.9 

7.4 



1933 



27.5 



3.3 

18.1 

6.2 



1937 



33.0 



9.7 
23.8 
11.1 



29.9 
33.4 
14.4 

7.1 
12.8 
11.8 

3.2 
51.9 
22.9 



29.0 
1.1 



180.2 
5.0 



185.2 



27.6 

17.4 

8.7 

7.0 

11.2 

10.0 

2.3 

73.7 

23.3 



50.4 

.1 
1.2 



163.4 
36.1 



199.5 



1939 



37.7 



10.3 
28.1 
14.4 



44.6 
26.2 
14.3 

6.9 
13.6 
13.8 

3.3 
73.8 
21.2 



52.6 

3.0 
3.4 



214.7 
60.5 



275.2 



52.8 
28.3 
15.0 

7.3 
14.7 
15.6 

2.3 
82.1 
22.6 



1940 



37.5 



10.5 
28.1 
13.6 



59.5 

4.5 
4.9 



242.6 
42.8 



285.4 



52.2 
31.6 
16.1 

7.8 
14.5 
15.6 

2.2 
84.3 
22.7 



1943 



49.1 



15.0 
34.4 
14.3 



61.6 

3.0 

4.7 



246.8 
18.5 



265.3 



63.7 
41.4 
16.5 
13.0 
15.3 
17.9 
3.1 
82.7 
23.4 



1944 



65.4 



17.2 
34.7 
18.8 



1945 



59.3 

3.5 

1.2 



284.0 
3.7 



287.7 



70.7 
44.3 
19.9 
14.8 
16.3 
17.9 
3.2 
79.5 
23.1 



56.4 

3.3 
3.0 



315.2 
3.3 



318.5 



71.2 

18.7 
40.0 
20.3 

79.0 
53.7 
22.1 
13.6 
17.2 
19.8 
4.2 
77.1 
23.8 



53.3 

3.3 
4.2 



341.6 
3.8 



345.4 



1946 
• 



83.2 



19.2 
47.7 
23.3 



90.2 
63.1 
27.3 
15.9 
19.0 
24.4 
2.4 
75.2 
23.1 



52.1 

3.4 
4.2 



385.2 
4.5 



389.7 



1947 
•• 



103.5 



21.3 
63.4 

24.7 



109.4 
79.1 
32.0 
17.0 
22.3 
28.5 
2.4 
70.9 
21.8 



49.1 

3.5 
3.2 



450.0 
6.3 



456.3 



Provincial Distribution"' 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta" ' 



British Columbia 

Total Current Expenditure 

(Ex. Debt Repayment) 



.8 

5.1 
3.9 
26.2 
38.4 
8.8 
11.0 
10.2 
19.6 



1.1 

6.7 
6.3 
42.7 
56.5 
12.1 
18.2 
16.0 
25.6 



1.1 

8.3 
5.8 
43.0 
64.6 
15.3 
22.3 
17.0 
22.1 



1.4 
9.9 
7.4 
66.3 
83.2 
16.0 
44.3 
17.8 
28.9 



1.6 
11.3 

9.2 
79.2 
90.6 
16.4 
27.4 
18.8 
30.9 



1.6 

11.2 

8.9 

(8) 

69.6 
88.0 
15.4 
22.9 
17.7 
30.0 



1.8 

12.8 
9.4 
81.5 
99.6 
13.9 
20.3 
19.0 
29.4 



2.2 
14.3 
11.1 
91.2 
110.3 
14.0 
22.2 
21.2 
32.0 



2.5 
16.8 
12.5 
93.4 
120.9 
15.5 
27.3 
22.3 
34.2 



124.0 



185.2 



199.5 



275.2 



285.4 



265.3 



287.7 



318.5 



345.4 



2.'9 

17.7 

15.1 

109.1 

132.6 

(9) 

15.6 

(9) 

29.9 
26.1 

40.7 



389.7 



3.1 
19.7 
16.0 
117.3 
153.3 
23.5 
41.0 
29.3 
53.1 



456.3 



(1) Includes direct relief expenditures whether or not these were capitalized by the provinces. For the purposes of comparison, however, certain items of revenue 
have been deducted from the corresponding expenditure. (See footnote (1) under "Revenue"). 

(2) Excludes pensions for the blind. 

(3) Composed largely of expenditures of general administrative departments. Administration cost of each function of government shown in this table has been 
charged to that function. 

(4) Includes an amount for unpaid interest in Alberta for the years 1937-1947 inclusive. For the years 1937 to 1945 this is based on cash payments for interest 
adjustments, less offsetting reimbursements, made under the Debt Refunding Plan, spread evenly over the default period. Figures for the years 1946 and 
1947 include the payments on the interest adjustments deferred in accordance with the plan. 

I 5) Includes sinking fund earnings. 

(6) Includes relief expenditures whether or not capitalized. 

(7) Totals will differ from the total expenditure figures given in the Provincial Public Accounts since for the purpose of comparison a number of adjustments 
have been made including the deduction of certain revenue items. 

8] See footnote (2) page 93. 

(9) See footnote (10) page 93. 

(10) See footnote (4). 

~k ick See notes on page 93. 



95 



AUG. - SEPT. 1947 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 







PRODUCTION 




Res- 




Department 


Employ- 


Aggregate 














idential 

Con- 
struction 


Car 
Loadings 


Store Sales 
Index of 


ment 
Index 

(3) 


Payrolls 










News- 


Central 


Index 
(i) 




Gold 


Nickel 


Steel 


print 
(i) 


Electric 
Stations* 2 ' 


Contracts 
Awarded 




Seasonally 
adjusted 


Unadjusted 
June 1, 


Unadjusted 




Thousands 


Thousands 


Thousands 


Thousands 


Millions 


Millions 




June 1, 




Fine Ounces 


Short Tons 


Short Tons 


Short Tons 


Kilowatt Hrs 


of Dollars 




1935-39=100 


1941 = 100 


1941 = 100 


Annual Totals'*' 






















1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,268 


- 


65.1 


- 


1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


- 


1932 


3,044 


15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1942 


4,841 


143 


3,110 


3,177 


32,506 


79 


3,386 


149.7 


113.6 


128.3 


1943 


3,651 


144 


3,004 


2,983 


35,719 


79 


3,467 


150.8 


120.4 


144.9 


1944 


2,923 


137 


3,016 


2,992 


35,054 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,878 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,828 


95 


2,335 


4,143 


31,063 


213 


3,690 


218.0 


113.5 


142.4 


12-Months Ending 






















Aug. 1947 


2,936* 


109* 


2,610 


4,364 


34,981 


185 


3,879 


238.8 


119.5 


161.0 


Monthly 






















1946-Apr. 


238.2 


9.2 


247.5 


337.9 


2,535 


26.9 


282 


207.4 


110.6 


139.1 


May 


240.3 


7.4 


259.6 


359.9 


2,620 


32.2 


296 


201.7 


110.9 


137.6 


June 


234.4 


7.6 


214.9 


334.2 


2,506 


22.6 


291 


189.5 


111.3 


136.6 


July 


239.6 


8.1 


135.9 


357.0 


2,502 


21.1 


305 


207.0 


113.7 


141.9 


Aug. 


231.2 


7.7 


88.7 


370.7 


2,546 


19.2 


325 


232.2 


113.2 


143.1 


1947-Apr. 


254.9 


10.0 


252.2 


369.5 


2,969 


15.6 


311 


238.7 


118.3 


163.9 


May 


268.9 


9.9 


244.1 


384.5 


3,159 


22.0 


345 


238.7 


117.6 


163.7 


June 


269.1 


9.8 


238.3 


355.6 


3,017 


23.6 


332 


218.5 


120.8 


168.5 


July 


261.4 


9.8 


232.3 


379.7 


3,064 


17.9 


343 


245.5 


124.1 


173.8 


Aug. 






233.8 


377.9 


3,006 


25.3 


331 


250.6 


126.1 


178.4 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 
of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending July 1947. 



First of month. (4) Average 



PERCENT 

301 



RETAIL SALES : VALUE AND VOLUME 

PERCENTAGE INCREASE C+> OR DECREASE C-) OVER SAME MONTH OF PREVIOUS YEAR 



10 



VALUE 



APPARENT VOLUME 



PERCENT 

130 




10 



JAN. FEB. MAR. APR. MAY JUNE JULY AUG. SEPT. OCT. NOV. DEC. JAN. FEB.' MAR. APR. MAY JUNE JULY AUG. 

1946 1947 

* D.B.S. unadjusted index of Value of Retail Sales divided by the D.B.S. Retail Price Index. 



*. 



AUG. - SEPT. 1947 



96 



CANADA 

Dominion Bureau of Statistics 



VII— WHOLESALE PRICES 

Index 1926 = 100 

U.K. 

Board of Traded 





1 TT 

Farm 


Raw 




Manu- 






Products 

* 


Materials 


Foods 


factures 


Total 


Average of Mths. 












1926 


100.0 


100.0 


100.0 


100.0 


100.0 


1929 


100.8 


97.5 


100.0 


93.0 


95.6 


1932 


48.4 


55.0 


61.5 


69.8 


66.7 


1937 


87.1 


84.3 


81.2 


80.5 


84.6 


1943 


97.9 I 99.1 


102.4 


93.1 


100.0 


1944 


107.1 


104.0 


101.4 


93.6 


102.5 


1945 


109.7 


105.6 


103.4 


94.0 


103.6 


1946 


111.9 


109.5 


107.5 


98.8 


108.7 


Monthly 












1946-Aug. 


111.5 


108.6 


108.0 


99.6 


109.3 


Sept. 


110.9 


108.2 


107.5 


99.8 


109.2 


Oct. 


113.3 


112.3 


109.9 


101.4 


111.0 


Nov. 


113.8 


113.5 


110.3 


101.4 


111.6 


Dec. 


113.9 


113.6 


110.1 


101.7 


112.0 


1947-Jan. 


114.4 


115.2 


111.5 


103.7 


114.2 


Feb. 


115.5 


119.4 


111.6 


106.8 


118.1 


Mar. 


116.4 


123.8 


112.4 


107.7 


120.4 


Apr. 


116.9 


125.6 


115.1 


111.8 


122.9 


May 


118.5 


128.1 


118.1 


113.4 


125.3 


June 


119.2 


129.3 


119.1 


115.6 


127.8 


July 


120.1 


131.0 


120.5 


116.2 


129.1 


Aug. 


120.0 


133.1 


121.7 


117.1 


130.8 



Foods 

100.0 
93.9 
71.8 
83.6 

130.8 
129.1 
129.2 
129.3 

130.1 

129.4 
128.6 
128.2 
127.9 

128.1 
129.3 
129.6 
133.7 
134.6 
135.5 
137.4 
136.5 



Total 
100.0 

92.2 
69.1 

87.7 

131.4 
134.1 
136.4 
141.4 

142.7 
143.2 
143.3 
144.5 
145.2 

146.6 
147.8 
148.2 
151.0 
152.6 
153.2 
156.0 
156.5 



U.S.A. 

Bureau of Labor Statistics 



Farm 


Raw 








Products 


Materials 


Foods 


factures 


Total 


100.0 


100.0 


100.0 


100.0 


100.0 


104.9 


97.5 


99.9 


94.5 


95.3 


48.2 


55.1 


61.0 


70.3 


64.8 


86.4 


84.8 


85.5 


87.2 


86.3 


122.6 


112.1 


106.8 


100.2 


103.2 


123.5 


113.3 


105.0 


100.8 


104.0 


128.3 


116.9 


106.2 


101.8 


105.8 


148.6 


134.5 


130.4 


115.8 


120.9 


161.0 


145.7 


149.0 


123.9 


129.1 


154.3 


141.4 


131.9 


117.2 


124.0 


165.3 


148.7 


157.9 


129.6 


134.1 


169.8 


153.4 


165.4 


134.7 


139.7 


168.1 


153.2 


160.1 


135.7 


140.9 


165.0 


152.1 


156.2 


136.7 


141.5 


170.4 


154.9 


162.0 


139.7 


144.5 


182.6 


163.2 


167.6 


143.3 


149.5 


177.0 


160.1 


162.4 


141.9 


147.7 


175.7 


158.6 


159.8 


141.7 


147.1 


177.9 


160.2 


161.8 


141.7 


148.0 


181.4 


165.3 


167.1 


144.0 


150.8 


181.7 


167.0 


172.3 


147.6 


153.6 



* An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series is 
not directly comparable with the U.S.A. "Farm Products Index". (1) Adjusted to 1926=100 from base 1913 = 100 in 1926-29 and from base 1930 = 100 
in 1930 and thereafter. 



PRICE INDEXES : CANADA AND U. S. A.: 1945-47 

WHOLESALE PRICES : ALL COMMODITIES AUG .1939-100 COST OF LIVING 



200 






yf 




U. S. A. s -- 




150 












- CANADA 


n 


: l 1 1 1 1 1 1 1 1 II 


| 


MM II MM 1 

















t 

U.S.A. y 






// CAN/ 


* 

*DA— ^ 






11 11 11 11 1 1 r 


II 1 1 II II 1 1 1 


II II MM II 1 



200 



150 



250 



r945 1946 1947 

WHOLESALE PRICES: RAW MATERIALS^ 




1945 1946 1947 

WHOLESALE PRICES = MANUFACTURES 



1945 1946 1947 1945 

t 15th of month; last date plotted July 15. * Beginning of month; last date plotted Aug. 1. 




1946 



1947 



97 



W^B 



T. 1947 



VIII— CANADIAN WHEAT : STATISTICAL POSITION 

Millions of Bushels Compiled from "Grain Trade of Canada" and the "Monthly Review of the Wheat Situation" 







Supplies 


Beginning of Period 






Available 






CROP YEAR 




„ .. 








Apparent 


for 


Exports^) 


End of 
Period 
Stocks 


Beginning 
August 1 


Grain 

in 
Canada 


Canadian 

Grain in 

U.S.A. 

Ports 


Total 
Carry- 
over 


Crop 


Total 
Supplies 


Domestic 
Dis- 
appearance 


Export 
and 

Carry- 
over 


of Wheat 

and 

Flour 


1927/28 


51 


5 


56 


480 


535 


120 


415 


324 


91 


1928/29 


78 


14 


91 


567 


658 


132 


525 


398 


127 


1929/30 


104 


23 


127 


305 


432 


112 


320 


193 


127 


1930/31 


111 


16 


127 


421 


547 


139 


408 


269 


139 


1931/32 


133 


6 


139 


321 


460 


117 


343 


207 


136 


1932/33 


130 


6 


136 


443 


579 


99 


480 


263 


218 


1933/34 


210 


8 


218 


282 


500 


104 


395 


193 


203 


1934/35 


193 


10 


203 


276 


479 


101 


378 


164 


214 


1935/36 


202 


12 


214 


282 


496 


122 


374 


247 


127 


1936/37 


108 


19 


127 


219 


347 


99 


247 


210 


37 


1937/38 


33 


4 


37 


180 


217 


97 m 


120 


96 


25 


1938/39 


24 


1 


25 


360 


385 


122 


263 


160 


103 


1939/40 


95 


8 


103 


521 


624 


130 


493 


193 


300 


1940/41 


273 


28 


300 


540 


841 


129 


711 


231 


480 


1941/42 


448 


32 


480 


315 


795 


145 


650 


226 


424 


1942/43 


405 


19 


424 


557 


980 


171 


809 


215 


595 


1943/44 


579 


15 


595 


284 


879 


179 


700 


344 


357 


1944/45 


338 


18 


357 


417 


773 


172 


601 


343 


258 


1945/46 


238 


20 


258 


319 


577 


163 w 


414 


340 


74 


1946/47 


73 


- 


74 


421 


494 


167 w 


327 


243 a) 


84 


1947/48 


84 


— 


84 


352 (5) 


436 











(1) Canadian Customs figures adjusted for changes in stocks of Canadian wheat in U.S.A. Lake and Seaboard Ports until 1935/36; after that year Board 
of Grain Commissioners' clearances. (2) Exclusive of consumption of 5.7 mm. bushels imported from the United States. (3) Preliminary. (4) Residual 
difference between total supply, exports and end of period stocks. (5) Estimate. 



MILLIONS OF BUSHELS 

J 000 



CANADIAN WHEAT 

TOTAL SUPPLIES AND DISTRIBUTION 



MILLIONS OF BUSHELS 







1 



AUG. - SEPT. 1947 



98 



IX— GRAINS : ACREAGE AND PRODUCTION 

Dominion Bureau of Statistics 



1939-47 



WHEAT 



OATS 



BARLEY 



RYE 



FLAXSEED 



(1) 
OTHER GRAINS 



Oil 

SUMMER I 
FALLOW I 



Total 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. bus. mm. acres 



mm. acres mm. acres 



TOTAL CANADA 



1939 


520.6 


26.8 


384.4 


12.8 


103.1 


4.3 


15.3 


1.1 


2.0 


.3 


59.0 


1.7 


16.0 


63.0 


1940 


540.2 


28.7 


380.5 


12.3 


104.3 


4.3 


14.0 


1.0 


3.0 


.4 


56.8 


1.7 


17.3 


65.8 


1941 


314.8 


21.9 


305.6 


12.3 


110.6 


5.3 


11.7 


1.0 


5.8 


1.0 


66.8 


2.1 


23.1 


66.6 


1942 


556.7 


21.6 


652.0 


13.8 


259.2 


7.0 


24.7 


1.3 


15.0 


1.5 


88.2 


2.3 


20.0 


67.4 


1943 


284.5 


16.9 


482.0 


15.4 


215.6 


8.4 


7.1 


.6 


17.9 


2.9 


49.7 


2.0 


20.6 


66.8 


1944 


416.6 


23.3 


499.6 


14.3 


194.7 


7.3 


8.5 


.6 


9.7 


1.3 


74.7 


2.0 


19.4 


68.3 


1945 


318.5 


23.4 


381.6 


14.4 


157.8 


7.4 


5.9 


.5 


7.6 


1.1 


62.6 


2.0 


19.9 


68.5 


1946 


420.7 


24.1 


400.1 


12.1 


159.9 


6.3 


7.4 


.7 


6.4 


.8 


68.6 


1.8 


20.4 


66.2 


1947f 


352.2 


23.9 


288.2 


11.0 


151.2 


7.5 


14.2 


1.2 


11.8 


1.5 


48.3 


1.6 


19.4 


66.1 



MANITOBA 



1939 


61.3 


3.2 


34.5 


1.4 


28.0 


1.3 


2.0 


.2 


.4 


.1 


.7 


_ 


2.2 


8.4 


1940 


66.4 


3.5 


33.0 


1.3 


27.5 


1.3 


2.3 


.2 


.8 


.1 


.6 


- 


2.2 


8.5 


1941 


51.0 


2.4 


41.7 


1.3 


40.0 


1.5 


2.8 


.2 


1.1 


.2 


3.0 




2.8 


8.5 


1942 


53.0 


1.9 


70.0 


1.5 


74.0 


2.0 


3.6 


.2 


2.0 


.2 


2.3 




2.4 


8.3 


1943 


39.0 


1.6 


63.0 


1.6 


68.0 


2.3 


.8 


.1 


2.8 


.3 


2.2 




2.3 


8.4 


1944 


50.3 


2.5 


61.0 


1.6 


54.7 


2.1 


.6 


- 


1.8 


.2 


1.9 




1.8 


8.4 


1945 


40.0 


2.1 


54.5 


1.7 


52.5 


2.1 


.4 


- 


2.8 


.3 


1.3 




2.5 


8.8 


1946 


61.0 


2.5 


55.0 


1.4 


48.0 


1.7 


.4 


- 


3.0 


.3 


.8 


- 


2.6 


8.6 


1947f 


44.0 


2.5 


40.5 


1.4 


39.0 


1.9 


.6 


— 


5.4 


.6 


.6 


- 


2.2 


8.6 



SASKATCHEWAN 



1939 


271.3 


14.2 


112.0 


4.1 


26.0 


1.1 


9.3 


.6 


1.3 


.2 


.7 


_ 


9.2 


29.6 


1940 


266.7 


15.6 


93.0 


3.9 


23.5 


1.3 


7.0 


.6 


1.7 


.2 


.5 


- 


10.2 


31.8 


1941 


147.0 


12.2 


72.5 


4.0 


26.7 


1.7 


5.3 


.5 


3.7 


.7 


.5 


— 


13.8 


33.0 


1942 


305.0 


12.4 


255.0 


4.9 


92.0 


2.5 


15.0 


.8 


10.5 


1.1 


2.5 


.1 


11.7 


33.4 


1943 


146.0 


9.6 


200.0 


6.5 


80.0 


3.3 


3.8 


.3 


11.5 


2.1 


1.9 


.1 


12.0 


33.9 


1944 


242.1 


13.2 


198.0 


5.6 


72.0 


2.7 


4.8 


.4 


6.4 


.9 


3.8 


.1 


11.6 


34.6 


1945 


162.0 


13.6 


143.0 


5.7 


54.5 


2.7 • 


2.6 


.3 


3.8 


.7 


1.4 


.1 


11.7 


34.7 


1946 


208.0 


14.1 


117.0 


4.3 


46.0 


2.3 


3.4 


.4 


2.6 


.5 


.2 


- 


11.8 


33.4 


1947f 


180.3 


14.1 


84.0 


4.0 


47.8 


2.8 


7.4 


.7 


3.6 


.6 


.1 


- 


11.5 


33.6 


ALBERTA 


1939 


161.4 


8.4 


85.0 


2.7 


27.0 


1.1 


2.4 


.2 


.3 


_ 


.6 


_ 


4.6 


17.0 


1940 


180.7 


8.7 


103.0 


2.6 


32.0 


1.1 


3.0 


.2 


.4 


- 


.8 


- 


4.9 


17.6 


1941 


98.0 


6.5 


63.8 


2.8 


28.0 


1.5 


1.9 


.2 


.8 


.1 


.9 




6.5 


17.7 


1942 


171.0 


6.4 


175.0 


3.3 


75.0 


1.9 


4.4 


.2 


2.2 


.2 


2.7 




5.9 


17.9 


1943 


82.8 


4.8 


129.0 


3.7 


56.0 


2.2 


1.2 


.1 


3.3 


.6 


2.2 




6.3 


17.8 


1944 


99.3 


6.7 


111.8 


3.2 


51.7 


1.9 


1.7 


.1 


1.2 


.2 


1.6 




6.0 


18.2 


1945 


80.0 


6.8 


76.0 


3.3 


37.0 


2.0 


1.5 


.1 


.7 


.1 


1.4 




5.7 


18.2 


1946 


131.0 


6.7 


104.0 


2.8 


51.0 


1.8 


2.1 


.2 


.6 


.1 


.7 


- 


6.0 


17.6 


1947f 


105.1 


6.4 


77.8 


2.5 


54.1 


2.4 


4.5 


.3 


2.1 


.3 


.4 


- 


5.8 


17.7 















OTHER PROVINCES 














1939 


26.6 


.9 


152.9 


4.6 


22.1 


.7 


1.6 


.1 


./ 


— 


57.0 


1.6 


* 


8.0 


1940 


26.4 


1.0 


151.5 


4.5 


21.3 


.7 


1.7 


.1 


.2 


- 


54.9 


1.6 


* 


7.9 


1941 


18.8 


.7 


127.6 


4.1 


15.9 


.6 


1.7 


.1 


./ 


- 


62.4 


1.9 


* 


7.5 


1942 


27.7 


.9 


152.0 


4.1 


18.2 


.6 


1.7 


.1 


.3 


- 


80.8 


2.0 


* 


7.7 


1943 


16.7 


.8 


90.0 


3.6 


11.6 


.5 


1.3 


.1 


.3 


— 


43.4 


1.7 


* 


6.7 


1944 


24.9 


.8 


128.8 


3.9 


16.3 


.5 


1.4 


.1 


.3 


- 


67.4 


1.8 


* 


7.2 


1945 


23.9 


.8 


108.1 


3.6 


13.8 


.5 


1.4 


.1 


.3 


- 


58.5 


1.8 


* 


6.8 


1946 


20.7 


.7 


124.1 


3.6 


14.9 


.5 


1.5 


.1 


.2 


- 


66.9 


1.7 


* 


6.6 


1947f 


22.8 


.9 


86.0 


3.2 


10.3 


.4 


1.7 


.1 


.7 


.1 


47.2 


1.6 


* 


6.2 



(1) Buckwheat, mixed grains and shelled corn. (2) Prairie Provinces only. * Not available, t Estimate. 



99 



AUG. - SEPT. 1947 



X— LIVESTOCK MARKETINGS"' 

Department of Agriculture 



Calendar Years 



1936 



1937 



1938 



1939 



1940 



1941 



1942 



1943 



1944 



1945 



1946 



Thousands 

Mari times 

Quebec 

Ontario 

Manitoba 

Saskatchewan . . . 

Alberta 

British Columbia 

Canada 

sands 

itimi 

bee. 

ario. 

litob 

Latch 

;rta. 

ishC 

Can 

Thousands 

Mari times 

Quebec 

Ontario 

Manitoba 

Saskatchewan . . . 

Alberta 

British Columbia 

Canada .... 



CATTLE 



7 


7 


9 


12 


12 


13 


11 


10 


13 


20 


32 


47 


46 


64 


71 


104 


69 


58 


70 


98 


438 


419 


452 


494 


456 


534 


458 


409 


460 


606 


129 


152 


166 


176 


165 


137 


177 


156 


173 


211 


313 


445 


137 


173 


213 


227 


252 


269 


379 


495 


364 


312 


265 


249 


258 


292 


281 


296 


384 


535 


* 


* 


* 
1,074 


16 


36 


37 
1,345 


41 


46 


50 


59 
2,022 


1,283 


1,381 


1,183 


1,210 


1,289 


1,244 


1,529 



22 
86 
531 
227 
481 
494 
59 



1,901 



Thousands 








CALVES 














Mari times 

Quebec 


9 
114 

278 
82 
89 

109 

* 


12 
139 
302 
101 
166 

139 

* 

859 


14 
144 
285 
110 

74 

121 

* 


26 
169 
302 
109 

75 

113 

1 

795 


31 
196 
290 
111 

84 

104 

2 

819 


30 
237 
299 

87 

77 

95 

3 


30 

209 

269 

91 

76 

93 

4 


21 

183 

216 

80 

64 

75 

6 


17 
190 
235 

84 

82 

88 

6 


21 
216 
263 

94 

111 

119 

6 


35 
225 


Ontario 


237 


Manitoba 

Saskatchewan .... 
Alberta 


91 
102 
101 


British Columbia 


5 


Canada 


680 


748 


829 


772 


644 


701 


830 


795 



HOGS 



55 


74 


81 


82 


90 


77 


82 


100 


147 


107 


251 


343 


283 


337 


524 


451 


348 


437 


789 


535 


1,613 


1,758 


1,631 


1,668 


2,191 


2,327 


2,022 


2,029 


2,109 


1,807 


268 


256 


250 


327 


511 


526 


598 


755 


852 


487 


570 


570 


217 


312 


649 


857 


965 


1,409 


1,934 


943 


1,039 


986 


783 


980 


1,485 


1,947 


2,182 


2,392 


2,982 


1,946 


* 


* 


* 


* 


6 


33 


32 


27 


50 


36 


3,797 


3,986 


3,246 


3,706 


5,457 


6,216 


6,228 


7,149 


8,863 


5,861 



81 

478 

1,769 

345 

514 

1,251 

22 

4,461 



Thousands 








SHEEP 














Maritimes 

Quebec 


15 
123 
252 

81 

94 

247 
* 


16 
130 
248 

83 
102 

220 

* 

798 


19 

129 

249 

89 

73 

200 
* 


18 

126 

229 

90 

64 

224 

* 


15 
123 
226 

99 

80 
193 

36 


14 
147 
245 

91 

83 
214 

35 


21 
158 
229 

95 

89 
207 

34 


28 
165 
236 

97 
104 
211 

47 


17 
161 
259 
124 
136 
303 

40 


25 
225 
309 
143 
161 
329 

41 


43 

214 


Ontario 


277 


Manitoba 

Saskatchewan .... 
Alberta 


122 

142 
300 


British Columbia 


35 


Canada 


812 


759 


753 


772 


830 


833 


887 


1,040 


1,233 


1,131 



Dollars 


AVERAGE PRICE PER 


CWT. ON LEADING CANADIAN 


MARKETS 








1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


Cattle 


3.45 
5.20 
7.95 
6.80 


4.15 
5.65 
8.30 
7.35 


4.35 
6.10 
9.27 

7.16 


5.10 
6.50 
8.64 
8.03 


5.70 

7.25 

10.95 

8.27 


6.69 

8.39 

12.85 

9.73 


8.39 
10.91 
15.03 
10.95 


9.46 
12.19 
16.21 
10.79 


8.85 
10.15 
16.65 

9.95 


9.00 
10.85 
17.15 
10.55 


10.00 


Calves. . 


12.25 


Hoes <2) 


18.80 


Sheep 


11.80 







(1) Shipments to stock-yards, to packers and direct for export, classified by provinces in which shipment originated, 
dressed hogs. * Not available. 



(2) Prices shown from 1940 are for 



AH.L..W. iwr 



100 



XI— IMPORTS AND EXPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 



Millions of Dollars 






1. M 


ERCHA 


NDISE IMPORTS 


i) 












TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 


Retained 






British 


Empire <2) 




Other Foreign Countries 




Excess of 
Exports 








U.S.A. 






Central'" 




all 


Ex. Gold 


Ex. Gold 


or 
Imports 




U.K. 


Other 




Europe 


Far East 


and 


Other 


Countries 








(I) 


(2) 




(3) 


(4) 


S. America 




(D 








Calendar Years 
























1929 


195 


62 


894 


96 


17 


33 


2 


1,299 


26 


1,273 


83 


1932 


94 


35 


264 


40 


7 


14 


1 


453 


8 


445 


115 


1937 


147 


89 


491 


46 


12 


21 


2 


809 


15 


794 


382 


1946 


139 


139 


1,405 


41 


5 


129 


6 


1,864 


27 


1",838 


610 


12-Months Ending 
























July 1947 


165 


161 


1,826 


56 


11 


139 


5 


2,363 


33 


2,330 


392 


Monthly Totals 
























1946— June 


13.9 


10.6 


106.6 


2.9 


.4 


13.4 


.3 


148.2 


2.1 


146.1 


39.3 


July 


12.1 


9.4 


112.5 


6.4 


.3 


10.7 


.3 


151.8 


2.6 


149.2 


35.6 


Aug. 


12.1 


13.5 


123.1 


2.9 


.2 


8.7 


.2 


160.8 


3.3 


157.5 


89.2 


Sept. 


11.4 


13.7 


115.8 


2.7 


.5 


10.9 


.4 


155.5 


2.1 


153.3 


30.5 


Oct. 


15.1 


15.1 


140.4 


3.7 


.9 


10.5 


.1 


185.9 


2.5 


183.4 


19.2 


Nov. 


14.4 


13.2 


149.5 


5.5 


1.1 


13.8 


.2 


197.7 


2.9 


194.8 


50.3 


Dec. 


11.3 


10.3 


145.6 


3.7 


.1 


9.9 


.5 


181.6 


2.4 


179.2 


33.8 


1947— Jan. 


13.7 


6.0 


136.6 


5.4 


1.2 


9.1 


1.2 


173.3 


1.8 


171.4 


46.5 


Feb. 


10.4 


12.9 


138.8 


3.9 


.8 


9.8 


.4 


177.0 


2.3 


174.7 


15.6 


Mar. 


13.8 


12.0 


165.5 


4.2 


.3 


12.7 


.4 


208.8 


2.9 


205.9 


10.2 


Apr. 


12.5 


12.1 


182.1 


4.2 


1.4 


12.8 


.2 


225.4 


2.5 


222.9 


20.4 


May 


14.8 


20.4 


184.7 


5.7 


.5 


13.5 


.4 


240.0 


3.4 


236.5 


38.6 


June 


18.1 


12.5 


174.7 


10.1 


1.8 


13.4 


.4 


231.0 


3.7 


227.3 


56.1 


July 


17.5 


18.7 


168.9 


4.1 


2.4 


14.4 


.7 


226.6 


3.1 


223.6 


22.0 



i 
i 

in- 

31 
— 



Millions of Dollars 






2. MERCHANDISE EXPORTS' 6 ' 












DOMESTIC EXPORTS (Excluding Gold) TO 




Total 




British Empire' 2 ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
Non- 
Monetary 

Gold 
Exports 


Exports 

Including 

Net 

Non- 

Monetary 

Gold 




U.K. 


Other 
(!) 


Europe 

(3) 


Far East 
(4) 


Central' 5 ' 
and" 
S. America 


Other 


Calendar Years 

1929 


225 


105 


493 


207 


68 


45 


11 


1,152 


37 


1,190 


1932 


151 


39 


159 


100 


20 


10 


12 


490 


70 


560 


1937 


384 


107 


382 


92 


33 


26 


7 


1,031 


145 


1,176 


1946 


631 


313 


880 


342 


60 


99 


27 


2,352 


96 


2,447 


12-Months Ending 

July 1947 


744 


389 


965 


319 


70 


124 


20 


2,630 


91 


2,722 


Monthly Totals 

1946— June 
July 
Aug. 
Sept. 
Oct. 


39.9 


24.3 


67.7 


33.6 


4.0 


6.4 


1.7 


177.6 


7.7 


185.3 


33.6 


29.7 


75.4 


25.7 


4.9 


7.5 


1.4 


178.2 


6.6 


184.8 


70.7 


33.5 


75.3 


39.8 


9.2 


9.8 


1.0 


239.2 


7.5 


246.7 


59.6 


24.3 


70.0 


11.9 


4.5 


5.4 


1.3 


177.0 


6.8 


183.8 


47.6 


23.6 


86.3 


21.9 


6.1 


8.0 


.6 


194.1 


8.5 


202.6 


Nov. 


63.1 


36.2 


85.7 


30.2 


9.4 


12.9 


1.6 


239.0 


6.0 


245.0 


Dec. 


59.4 


29.2 


84.0 


16.7 


5.1 


10.5 


1.4 


206.3 


6.7 


213.0 


1947— Jan. 
Feb. 


51.9 


30.0 


79.6 


22.2 


8.6 


15.3 


1.4 


208.9 


9.0 


217.9 


48.5 


25.1 


69.5 


22.5 


5.4 


11.3 


1.0 


183.4 


6.9 


190.3 


Mar. 


49.7 


30.3 


83.1 


29.2 


5.6 


9.5 


2.0 


209.3 


6.8 


216.1 


Apr. 
May 
June 

July 


48.0 


26.6 


88.3 


17.6 


3.5 


10.0 


2.0 


196.0 


6.4 


202.4 


88.3 


42.8 


79.8 


38.6 


4.3 


11.2 


2.0 


267.0 


8.2 


275.2 


86.2 


52.0 


82.0 


38.2 


4.0 


9.8 


2.7 


274.8 


8.6 


283.4 


70.8 


35.1 


82.0 


30.0 


3.9 


10.1 


3.6 


235.5 


10.1 


245.6 



(1) Imports from the United Kingdom, do not include articles imported for the use of the armed forces of the United Kingdom, nor articles admitted 
free under Order in Council. In 1946-47 the item "Canadian goods returned" (9195) is excluded; a large volume of Canadian military equipment and 
stores for which no payment is involved has been returned under this heading. 

(2) Includes Egypt. 

(3) Includes Turkey and U.S.S.R. 

(4) China. Japan, Korea, Siam, French East Indies, Netherland East Indies. Philippines, Portuguese Asia and Guam. 

(5) Includes Non- British West Indies and Mexico. 

(6) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data. 



101 



AUG. -SEPT. 1947 

















XII 


—MERCHANDISE IMPORT^ 1 

Compiled from "Trade of Canadif 


Millions of Dollars 






















(Exc 


- 

) - 


Calendar 
Years 


Fruits 
and 

Nuts 


Vegetables 


Grains 
and 

Milled 
Products 
(incl. rice) 


Sugar 

and 

Products 


Tea 

and 

Coffee 


Alcoholic 

Beverages 

(1) 


Vegetable 
Oils 
(non- 
edible) 


Rubber 
(incl. syn- 
thetic) 


Furs 


Hides 

and 

Leather 

(unmfd. 

and mfd.) 


Othei 

Vegetal 

and 

Anims 

Produc 


1929 


39 


11 


26 


28 


18 


47 


12 


23 


15 


20 


64 


1932 


21 


5 


6 


17 


10 


17 


5 


4 


4 


6 


20 l 


1937 


29 


6 


18 


21 


14 


8 


16 


19 


8 


12 


27 • 


1946 


118 


27 


20 


40 


26 


13 


12 


20 


27 


13 


58 


12 Mths. ending 
























July 1947 


113 


23 


29 


45 


29 


13 


19 


30 


23 


23 


76 * 


Monthly 
























1946— Mar. 


9.7 


4.0 


1.7 


3.0 


2.2 


.9 


.8 


1.8 


2.5 


.9 


3.8^ 


Apr. 


8.7 


5.2 


1.6 


1.9 


2.0 


.8 


.8 


1.5 


2.0 


.9 


4.5- 


May 


10.8 


3.8 


1.0 


5.6 


2.9 


.8 


1.1 


1.2 


1.9 


1.1 


5.6*- 


June 


12.1 


3.5 


.5 


3.2 


2.1 


.9 


.8 


.9 


1.6 


.9 


3.7^' 


July 


10.9 


1.7 


.9 


3.3 


2.1 


1.0 


.5 


1.5 


1.5 


.9 


4.S* 


Aug. 


9.5 


.3 


2.1 


3.9 


1.6 


1.1 


.3 


2.4 


2.1 


1.2 


5.1 


Sept. 


7.0 


.4 


1.9 


3.8 


3.2 


1.0 


.3 


1.6 


2.3 


.7 


3.cl{ 


Oct. 


9.1 


.9 


1.3 


4.0 


1.3 


1.2 


.5 


4.6 


2.0 


1.0 


5. t 


Nov. 


11.5 


1.0 


3.4 


4.7 


2.6 


1.3 


4.5 


1.7 


2.2 


1.4 


5.( 


Dec. 


12.8 


1.5 


3.7 


1.4 


1.1 


1.8 


1.2 


1.1 


2.0 


2.3 


7.c 


1947— Jan. 


10.4 


1.6 


2.3 


1.9 


1.0 


1.0 


2.3 


1.0 


1.9 


2.7 


4.( 


Feb. 


7.1 


1.7 


1.8 


1.5 


4.2 


1.0 


2.4 


2.5 


2.5 


2.3 


6.< 


Mar. 


7.3 


2.7 


2.5 


1.4 


4.1 


.8 


2.2 


3.6 


2.4 


2.8 


6.! 


. 


Apr. 


9.2 


2.9 


2.5 


1.9 


3.0 


1.2 


1.7 


3.5 


2.5 


2.7 


7.: 


- 
,i 


May 


8.5 


3.8 


2.5 


8.0 


3.1 


.7 


.8 


3.5 


1.4 


2.0 


7. 




June 


9.2 


3.7 


2.9 


3.7 


2.4 


.9 


1.1 


2.8 


.9 


1.8 


10.. 




July 


11.2 


2.4 


1.6 


8.8 


1.3 


.9 


1.5 


1.6 


.9 


1.9 


5.: 




— 


Calendar 
Years 


Chemicals 

and 

Allied 

Products 


Iron 
Ore 


Pigs, Ingots 
Blooms 

and 
Billets 


Bars and 

Rods incl. 

Rails 


Sheets, 

Plates, 

Hoop, Band 

and Strip 


Structural 

Iron and 

Steel 


Castings 

and 
Forgings 


Engines, 

Loco- 
motives 
and Boilers 


Farm 
Implements 

and 
Machinery 


Machinery 
(except 

agri- 
cultural) 




Mot( 

Vehic 

anc 

Pari 


1929 


40 


5 


3 


12 


37 


15 


6 


18 


32 


70 


8 




1932 


28 


- 


- 


1 


11 


1 


2 


6 


2 


16 


1 




1937 


37 


5 


1 


5 


37 


4 


3 


11 


17 


46 


4 




1946 


93 


6 


1 


8 


38 


8 


7 


29 


68 


130 


10 


12 Mths. ending 


























July 1947 


105 


10 


2 


12 


45 


13 


9 


37 


97 


177 


15 


Monthly 


























1946— Mar. 


7.6 


- 


.1 


.5 


2.3 


.6 


.4 


1.5 


3.7 


8.7 


6. 


Apr. 


8.9 


- 


.1 


.6 


4.4 


.6 


.6 


2.0 


4.7 


10.7 


9. 


May 


8.8 


.2 


.1 


.5 


3.9 


.5 


.6 


2.6 


5.1 


11.1 


9. 


June 


7.5 


.4 


- 


.5 


2.8 


.6 


.5 


2.6 


5.4 


11.3 


8. 


July 


7.7 


1.0 


- 


.6 


3.1 


.6 


.7 


4.9 


6.7 


10.9 


8 




Aug. 


7.1 


.5 


.1 


.7 


3.2 


.7 


.6 


1.9 


8.1 


11.2 


8 




Sept. 


6.8 


1.0 


.1 


.9 


3.1 


.8 


.6 


2.2 


5.9 


10.9 


10 




Oct. 


8.0 


1.5 


.3 


.9 


3.9 


.8 


.8 


2.6 


6.5 


12.7 


11 1 




Nov. 


8.7 


1.4 


.1 


1.0 


3.8 


1.1 


1.0 


2.7 


7.0 


12.8 


11 1 




Dec. 


7.8 


.5 


.2 


1.0 


2.9 


.9 


.8 


3.3 


7.0 


13.1 


10 




1947— Jan. 


7.9 


.1 


.1 


1.1 


3.3 


.8 


.7 


2.8 


7.2 


13.2 


10 




Feb. 


8.5 


.1 


.1 


1.0 


3.2 


.9 


1.0 


2.6 


6.5 


12.7 


11 




Mar. 


9.9 


- 


.2 


1.0 


4.1 


1.2 


.9 


3.2 


8.6 


16.7 


14 I 




Apr. 


10.5 


.2 


.1 


1.2 


4.3 


1.5 


.8 


4.0 


9.7 


17.3 


15 




May 


11.8 


1.2 


.3 


1.0 


4.4 


1.3 


.9 


3.9 


9.6 


18.9 


15 




June 


9.5 


1.8 


.4 


.9 


4.3 


1.5 


.8 


3.9 


10.2 


18.5 


15 




July 


9.0 


2.2 


.2 


1.1 


4.2 


1.2 


.7 


3.5 


10.1 


19.0 


ie 





(1) Before 1935 import totals are substantially over-valued owing to inclusion of U.K. excise taxes on spirits imported from that country, t Excluding non-nS 
"Returned Canadian Goods" for the years 1946-47, 



_ 



AUG. - SEPT. 1947 

COMMODITY CLASSIFICATION 

{Minion Bureau of Statistics 

■old) 



102 



Millions of Dollars 



| L Cotton 


Silk 
(raw and 
mfd.) 


Wool 


Artificial 
Silk 


Flax, Hemp 
and Jute 


Other 
Textiles 


Paper 


Books and 
Printed 
Matter 


Other Wood 
and Wood 
Products 




a and 

' .id. 


Mfd. 


Raw and 
Unmfd. 


Mfd. 


Calendar 
Years 


- 
'X 


34 


29 


10 


40 


13 


15 


30 


15 


18 


30 


1929 


8 


13 


10 


5 


11 


3 


6 


12 


7 


10 


6 


1932 


a 


20 


8 


16 


19 


4 


11 


16 


8 


14 


12 


1937 


5 


75 


4 


30 


35 


22 


23 


31 


19 


31 


20 


1946 

12-Mths. ending 


8 


122 


7 


33 


48 


34 


31 


43 


22 


31 


31 


July 1947 

Monthly 


4 


5.0 


.2 


2.3 


2.3 


1.7 


1.9 


3.5 


1.7 


2.8 


1.4 


Mar.— 1946 


8 


5.6 


.2 


1.8 


2.7 


1.8 


3.7 


2.5 


1.6 


3.0 


1.6 


Apr. 


2 


5.2 


.2 


2.3 


2.6 


1.6 


1.6 


2.7 


1.6 


2.4 


1.7 


May 


6 


5.7 


.2 


1.8 


3.0 


1.8 


2.1 


1.9 


1.5 


2.6 


1.7 


June 


3 


5.2 


.3 


2.1 


2.9 


1.5 


1.2 


1.6 


1.5 


2.5 


1.7 


July 


3 


5.8 


.3 


3.1 


3.0 


1.9 


1.2 


1.8 


1.4 


2.5 


1.6 


Aug. 


2 


4.7 


.4 


2.9 


3.1 


1.9 


3.1 


2.6 


1.6 


2.1 


1.7 


Sept. 


9 


7.2 


.4 


3.5 


3.5 


1.9 


1.4 


3.2 


1.8 


2.6 


2.0 


Oct. 


S 


9.8 


.6 


3.2 


3.5 


2.6 


2.7 


3.6 


1.8 


3.0 


2.1 


Nov. 


3 


10.9 


.7 


3.1 


3.3 


2.6 


1.4 


3.3 


1.6 


2.7 


2.1 


Dec. 


3 


12.0 


.7 


1.6 


4.5 


3.2 


1.8 


3.8 


1.7 


2.3 


2.5 


Jan.— 1947 





11.9 


.8 


1.9 


3.5 


2.9 


3.3 


3.4 


1.9 


2.3 


2.4 


Feb. 


2 


13.9 


1.0 


3.4 


4.2 


3.6 


2.5 


4.1 


2.1 


2.7 


2.9 


Mar. 


' 7 


15.0 


.8 


1.6 


4.6 


3.9 


3.6 


4.7 


2.2 


2.9 


3.5 


Apr. 


' i7 


12.7 


.7 


4.2 


5.2 


3.9 


2.8 


4.1 


2.1 


2.6 


3.4 


May 


:> 


9.6 


.5 


2.7 


4.8 


3.1 


3.5 


3.4 


1.9 


2.5 


3.6 


June 


;7 


8.5 


.5 


2.3 


4.8 


2.7 


3.9 


4.5 


1.9 


2.8 


3.3 


July 




- ■ .. 






















■ r 1 

i II Bauxite 


Tin 

and 

Products 


Electrical 
Apparatus 


Other 

Non-ferrous 

Metals 


Coal 

and 

Products 


Petroleum 

and 
Products 


Glass 


Other 
Non- 
metallic 
Minerals 


All 

Other 

Imports 


Total t 
Imports 


Calendar 
Years 


) 3 


3 


37 


48 


64 


77 


11 


35 


75 


1,299 


1929 


I 


2 


1 


8 


11 


35 


43 


5 


13 


33 


453 


1932 


I 


4 


3 


16 


25 


42 


59 


9 


27 


48 


809 


1937 


) 


9 


6 


48 


58 


133 


123 


23 


53 


119 


1,864 


1946 

12-Mths. ending 


8 > 


9 


6 


62 


74 


148 


168 


29 


58 


150 


2,363 


July 1947 

Monthly 


i 5 


.1 


- 


3.4 


3.6 


10.7 


5.9 


1.8 


3.9 


9.9 


134.4 


Mar.— 1946 


I 5 


.2 


.1 


4.1 


5.0 


9.0 


9.0 


1.9 


4.5 


9.9 


151.0 


Apr. 


i 5 


.3 


.9 


4.1 


4.5 


6.3 


11.4 


1.9 


4.9 


9.5 


156.1 


May 


t 


.9 


.9 


4.1 


5.3 


5.9 


11.4 


1.7 


4.8 


9.2 


148.2 


June 


t 


1.2 


.8 


4.0 


4.4 


10.8 


10.7 


1.9 


4.7 


9.1 


151.8 


July 


J 


1.0 


- 


3.7 


4.9 


14.5 


12.8 


1.7 


4.6 


11.0 


160.8 


Aug. 


ii J 


1.0 


- 


3.8 


5.2 


13.5 


12.6 


2.2 


4.8 


10.5 


155.5 


Sept. 


hi » 


1.2 


1.7 


4.5 


6.5 


16.6 


13.6 


2.5 


5.3 


13.3 


185.9 


Oct. 


1.3 


- 


5.0 


6.6 


14.4 


12.2 


2.7 


5.5 


12.7 


197.7 


Nov. 


5 .8 


.1 


4.6 


5.4 


10.1 


11.7 


2.1 


3.9 


11.4 


181.6 


Dec. 


i» > 


.2 


_ 


4.8 


4.7 


10.3 


9.7 


2.1 


4.4 


10.4 


173.3 


Jan.— 1947 


ii ) 


.3 


- 


5.1 


5.8 


9.5 


10.0 


2.0 


3.7 


10.5 


177.0 


Feb. 


1 


.3 


1.0 


6.3 


6.1 


10.7 


12.1 


2.6 


4.7 


12.6 


208.8 


Mar. 




.2 


— 


6.5 


6.7 


11.2 


13.1 


2.8 


' 4.6 


16.0 


225.4 


Apr. 


i 


.9 


1.0 


6.0 


7.6 


11.8 


18.1 


3.6 


5.3 


15.3 


240.0 


May 


) 


.5 


1.9 


5.5 


7.5 


12.2 


19.0 


2.7 


5.2 


13.2 


231.0 


June 


» 


1.5 


.7 


6.4 


6.7 


13.0 


23.1 


2.3 


6.3 


13.7 


226.6 


July 



nported from U.K. in the years 1946-47 and made up of items listed in "Trade of Canada" under code numbers 9188, 



9189, 9194, 9213 and also item 9195 



TATISTICAL SUMMARY 



BANK OF CANADA 



Tables Charts 

. I Bank of Canada : 

Liabilities and Assets «, . 

II Chartered Banks: 

Liabilities and Assets 

Annual Classification of Demand and Notice Deposits . 
Public Demand and Notice Deposits in Canada 
Annual Classification of Loans in Canada .... 
Current Loans to the Public in Canada 

III Security Prices: 

Govt. Securities Payable in Canada only .... 

Yields of Dom. Govt. Bonds, Payable in Canada only 
Govt. Securities, Canada, U.K. and U.S.A. 

Yields of Govt. Bonds, Canada, U.K. and U.S.A. 

IV Public Finance: Municipalities: 

Outstanding Debt .... 
Current Revenue and Expenditure 

V Bond Issues and Retirements 

VI Business Activity .... 

VII Wholesale Prices .... 

VIII Cost of Living 

Cost of Living 

IX Farm Prices of Agricultural Products 

X Farm Operating and Living Costs . 

XI Corporate Financial Statistics for 689 Companies: 

Profits . . 

Net Income before Income and E. P. Tax Provision 

Profit Statistics for 689 Companies . 

XII Merchandise Exports: Commodity Classification . 

XIII Imports and Exports by Countries .... 

Index for 1947 



Pages 

103 - 104 

103 - 104 
105 
105 
100 
100 

107 
107 
108 
108 

109 
110 

111 

112 

112 

113 
113 

114 

114 

115 
116 
116 

117 - 118 

119 

120 - 128 



TABLES AND CHARTS MAY BE REPRODUCED OR REFERRED TO PROVIDED THAT THE BANK OF 
CANADA STATISTICAL SUMMARY, WITH ITS DATE, IS SPECIFICALLY QUOTED AS THE SOURCE. 

Tables and charts refer to Canada unless otherwise stated. Most of the figures in the Summary are, for want of space, given to a 
certain degree of approximation only. Where this is the case a total does not necessarily equal the sum of its constituent items. 
Subscription: 25c per copy, post free. For particulars apply to the Research Department, Bank of Canada, Ottawa. 



OCT. - NOV. 194 

AND 

INDEX 1947 



103 



Millions of Dollars 



I— BANtf 







LIABILITIES 






Chartered Bank Cash 


Govt. 
Deposits 


Other 

Deposits 


Special 

Foreign 

Deposits'" 


Active 
B. of C. 

Note 
Circulation 


All 

Other 

Accounts 


Tota 
Liabilit 
or 
Asset 






Notes 
in Tills 


Deposits 

at 
B. of C. 


Total 


. — ■ 

s 


Average of 
Month-end Figures 

1935-10 Mths. 


36.7 


175.8 


212.5 


20.7 


.6 




50.1 


6.6 


290. 


r 


1937-12 Mths. 


46.2 


193.7 


239.9 


24.3 


1.1 


- 


94.9 


13.2 


373.; ■{ 


1939 


55.6 


212.6 


268.2 


29.8 


10.2 


- 


129.3 


11.0 


448.1 


1943 


112.4 


300.4 


412.9 


47.6 


22.9 


_ 


661.0 


30.3 


1,174. 




1944 


122.2 


404.7 


526.9 


41.2 


26.1 


28.7 


821.3 


36.7 


1,480. 




1945 


138.1 


454.8 


592.9 


56.7 


36.2 


171.7 


940.9 


42.4 


1,840. 




1946 


144.3 


528.8 


673.1 


99.4 


76.9 


27.3 


981.7 


40.5 


1,898. 




End of 

1946— May 


137.5 


493.9 


631.4 


87.1 


78.4 


2.0 


972.0 


55.1 


1,826. 




June 


126.3 


500.5 


626.8 


57.9 


85.6 


2.0 


987.7 


32.1 


1,792. 




July 


152.1 


532.5 


684.6 


69.1 


90.1 


1.8 


965.8 


40.2 


1,851. 




Aug. 


134.0 


521.1 


655.2 


69.1 


79.7 


1.7 


993.4 


35.3 


1,834. 




Sept. 


153.6 


511.3 


664.9 


27.4 


87.8 


.7 


994.0 


47.2 


1,822. 




Oct. 


149.3 


538.6 


687.9 


36.6 


85.2 


.9 


1,007.6 


45.8 


1,864. 




1947— May 


142.4 


477.6 


620.0 


179.4 


58.5 


1.0 


1,005.7 


31.6 


1,896. 




June 


151.8 


474.4 


626.2 


105.6 


54.4 


1.0 


1,000.8 


36.0 


1,824. 




July 


165.1 


468.3 


633.4 


124.1 


63.7 


.7 


988.6 


36.7 


1,847, 




Aug. 


144.4 


514.9 


659.3 


133.6 


58.7 


2.4 


1,014.5 


34.7 


1,903 




Sept. 


170.1 


481.1 


651.2 


128.2 


62.0 


1.9 


1,002.1 


38.6 


1,884 




Oct. 


142.8 


548.7 


691.5 


143.4 


71.2 


.7 


1,036.0 


46.2 


1,989 




(1) Deposits payable in sterling, U.S.A. and foreign go. 
representing foreign exchange. field for account of forei 
holdings, over and above its short-term requirements 


d currencies, as shown under Item 5 (a) in the Bank of Canada Statement, representing foreign exchange 
gn clients. (3) Includes "Other Securities." *May 1940 and subsequent figures give effect to the enactr 
and necessary working balances, were sold to the Foreign Exchange Control Board. Since that dat 


: 






II— CHAR J 


Millions of Dollars 




Ban, , 




LIABILITIES 








Notes 


Deposits 


Cash 

in O) 

Canada 


Securities 






Demand 


Notice 


Dom. 
and Prov. 


Canadian 
Deposits 

(i) 


Foreign 


Total 
Deposits 

(2) 


DOM .-PROV. 


Foreign 
Govt. 


Otl 
19 


■i 




Under2yrs. 


Over 2 yrs. 


Average of 
Month-end figures 

1926 


169 


553 


1,341 


53 


1,958 


330 


2,333 


197 


3^ 


t4 


u 




1929 


178 


696 


1,480 


102 


2,293 


418 


2,837 


212 


342 


157 




1932 


132 


486 


1,376 


82 


1,955 


312 


2,322 


186 


490 


206 


I 


1937 


110 


691 


1,574 


90 


2,382 


421 


2,840 


240 


445 


674 


68 


Z 




1943 


50 


1,619 


1,864 


521 


3,962 


588 


4,679 


413 


1,598 


807 


167 


1' 




1944 


37 


1,864 


2,273 


570 


.4,686 


716 


5,531 


527 


1,842 


1,149 


209 


u 


US 


1945 


29 


1,986 


2,750 


653 


5,378 


771 


6,278 


593 


1,863 


1,575 


228 


1' 




1946 


23 


2,155 


3,327 


483 


5,993 


806 


6,919 


673 


1,573 


2,162 


276 


2 


I.2S- 


End of 

1946-May 


24 


2,207 


3,306 


369 


5,893 


842 


6,858 


631 


1,634 


2,092 


304 


2| 


1* 


June 


23 


2,150 


3,363 


242 


5,780 


851 


6,761 


627 


1,593 


2,089 


318 


2 




July 


23 


2,197 


3,411 


279 


5,931 


770 


6,811 


685 


1,593 


2,145 


284 


2 


Aug. 


23 


2,148 


3,466 


278 


5,935 


782 


6,827 


655 


1,604 


2,161 


276 


2 


Sept. 


22 


2,265 


3,524 


248 


6,092 


798 


7,000 


665 


1,639 


2,154 


274 


3 


Oct. 


22 


2,316 


3,477 


408 


6,245 


802 


7,161 


688 


1,658 


2,207 


280 


3 




1947-May 


20 


2,053 


3,682 


330 


6,125 


847 


7,075 


620 


875 


2,602 


295 


K. 




June 


20 


2,186 


3,644 


322 


6,208 


867 


7,181 


626 


786 


2,643 


299 


4 




July 


19 


2,126 


3,689 


355 


6,229 


858 


7,194 


633 


731 


2,656 


309 


- 




Aug. 


19 


2,058 


3,774 


353 


6,247 


858 


7,214 


659 


727 


2,652 


301 


i 




Sept. 


19 


2,163 


3,806 


224 


6,262 


843 


7,217 


651 


634 


2,627 


279 


■■■v«i 


Oct. 


19 


2,263 


3,753 


207 


0,377 


832 


7,286 


692 


584 


2,562 


277 


tm 


B2 



(1) Estimated month-end deposits payable in Canadian currency. (2) Includes inter-bank deposits. 

(3) Until March 1935: Gold and Coin in Canada, Dominion Notes and "Free" Central Gold Reserve Deposits; after that date: Bank of Canada Notes and Di 



'Mi 



H 



Ill I ..vIL llll. 



W 



( 



CANADA 



Millions of Dollars 



ASSETS 



Reserve 



Gold 



Silver 



Foreign (2) 
Currencies 



Total' 2 * 
Reserve 



Reserve 
Ratio 

07 



Securities 



Dom.-Prov 
Under 
2 yrs. 



Dom.-Prov. 
Over 

2 yrs. 



Total' 



Advances 



All 

Other 

Accounts 



51.2 

82.0 
10.S 



1.4 

2.5 



! 



\\ 



7.6 
19.0 

41.7 

* 

18.8 

44.1 

173.9 

27.3 

2.0 
2.0 

1.8 

1.7 

.7 

.9 

1.0 
4.0 

.7 
2.4 
1.9 

.7 



160.1 
203.5 

252.5 

* 

18.8 

44.1 

173.9 

27.3 

2.0 
2.0 
1.8 
1.7 

.7 
.9 

1.0 
4.0 

.7 
2.4 
1.9 

.7 



56.41 
56.50 
57.72 



27.4 

59.7 

142.8 
* 

791.2 

831.1 

1,028.5 

1,247.3 

1,230.0 

1,218.5 
1,276.5 
1,257.7 
1,259.1 
1,301.5 

1,123.0 
1,063.7 
1,081.9 
1,141.5 
1,088.0 
1,136.4 



95.6 
97.7 

46.2 

* 

339.5 
573.6 
595.9 

583.4 

541.1 
540.7 
541.8 
530.8 
523.9 
521.5 

731.0 

716.0 
722.6 
720.3 
744.7 
799.4 



123.0 
163.9 
189.1 

1,130.6 
1,407.1 
1,634.4 
1,842.4 

1,781.2 
1,769.2 
1,828.3 
1,798.5 
1,798.0 
1,838.0 

1,869.0 
1,794.7 
1,819.5 
1,876.8 
1,857.7 
1,960.8 



3.4 

.2 



3.9 
5.9 
6.7 

25.2 
29.3 
31.8 
29.1 

42.8 
20.8 
21.4 
34.1 
23.3 
25.1 

26.3 
25.4 
27.0 
24.0 
24.5 
28.1 



Average of 
Month-end Figures 

1935-10 Mths. 
1937-12 Mths. 
1939 

1943 
1944 
1945 
1946 

End of 

May— 1946 

June 

July 

Aug. 

Sept. 

Oct. 

May— 1947 

June 

July 

Aug. 

Sept. 

Oct. 



posit for account of foreign clients. (2) Includes an amount cf foreign exchange equal to the amount shown under Item 5 (a) in the Bank of Canada Statement 
the War Measures Act. of the Foreign Exchange Acquisition Order and the Exchange Fund Order. Under these orders the Bank's gold and foreign exchange 
-.'s minimum gold reserve requirement has been suspended. 



B* D BANKS 

ad a 



Millions of Dollars 



SSETS 



>tal 



.-. i 



533 

499 

696 

1426 

1714 

353 

•858 
4287 

4 $04 

4275 
4>97 
4J36 
4*75 
4171 



; 4162 
4131 
4110 
4108 
3)63 
3i82 



Loans 



CANADA 



Call 



140 
267 
117 
107 

35 

62 

130 

132 

125 
115 
96 
98 
91 
97 

81 
106 

99 
■82 

83 

93 



Current 
Public 



934 
1,343 
1,032 

732 

1,053 
1,022 
1,100 
1,223 

1,140 
1,148 
1,190 
1,210 
1,236 
1,302 

1,623 
1,667 

1,715 
1,749 
1,789 
1 ,859 



Current 
Other 



87 
112 
165 

117 

62 
44 
35 

44 

46 
40 
40 
40 
48 
39 

41 
42 

46 
55 

66 

71 



ABROAD 



Call 



250 

301 

84 

68 

81 
100 
108 

87 

90 
74 
68 
77 
86 
80 

75 
79 
80 
84 
81 
69 



Current 



261 
248 
172 
165 

102 
114 
131 
155 

150 
154 
142 
148 
160 
165 

207 

191 
184 
183 
193 
205 



Total 

Assets 



2,864 
3,528 
2,869 
3,317 

5,149 
5,990 
6,743 
7,430 

7,361 
7,270 
7,317 
7,342 
7,508 
7,693 

7,649 
7,750 
7,769 
7,795 

7,782 
7,865 



DAILY AVERAGE DATA 




Cash 




Percent 


Total 




Canadian 


of Cash to 


Active 




in (3) 
Canada- 


Deposits 


Canadian 


Note <s) 




(4) 


Deposits 


Circulation 












Average of 










Daily Figures 


192 


1,958 


9.8 


195 


1926 


191 


2,293 


8.3 


205 


1929 


172 


1,955 


8.8 


158 


1932 


240 


2,357 


10.2 


200 


1937 


423 


3,895 


10.9 


688 


1943 


538 


4,575 


11.8 


835 


1944 


603 


5,284 


11.4 


951 


1945 


672/ 


5,916 


11.4 


992 


1946 


683 


5,795 


11.8 


979 


May- 1946 


657 


5,789 


11.3 


983 


June 


664 


5,841 


11.4 


987 


July 


681 


5,898 


11.6 


992 


Aug. 


659 


5,973 


11.0 


1,006 


Sept. 


677 


6,100 


11.1 


1,015 


Oct. 


677 


6,172 


11.0 


1,005 


May- 1947 


648 


6,178 


10.5 


1,003 


June 


642 


6,164 


10.4 


1,003 


July 


644 


6', 196 


10.4 


1,007 


Aug. 


648 


6,195 


10.5 


1,015 


Sept. 


606 


6,216 


10.7 


1,025 


Oct. 



1 Li res given are annual averages of estimated month-end Canadian deposits in 1926-35 and monthly average Canadian deposits in 1936 and after. 
, i: nk of Canada notes in public circulation and chartered bank note circulation, the latter being since September 1944, an approximate figure only. 



105 



^^^UV^94T 



II— CHART, 'i 

Departmei'} 



ANNUAL CLASSIFICATION OF DEMAND AND NOTICE DEPOSITS 



As at 
October 3 1 


NUMBER 
Thousands 


AMOUNT 

Millions of Dollars 


* 




1943 


1944 


1945 


1946 


1947* 


1943 


1944 


1945 


1946 


1947* 


Demand Deposits 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


611.9 

94.3 

25.0 

5.1 

2.0 


602.1 

120.1 

29.4 

5.8 

2.2 


592.0 

133.3 

34.9 

6.7 

2.5 


649.2 

142.3 

37.1 

7.5 

2.4 


685.9 

146.5 

38.5 

7.4 

2.3 


132.7 
202.0 
252.2 
240.3 
983.6 
+ 16.0 


142.1 
202.0 
295.8 
268.1 
1,145.4 
+ 34.0 


166.3 
289.0 
344.0 
307.2 
1,159.8 
+ 30.6 


165.6 
307.2 
372.3 
350.9 
1,097.7 
+ 22.0 


169.6 
321.7 
386.9 
344.1 
945.9 
- 4.9 


Total Demand Deposits 


738.3 


759.5 


769.3 


838.5 


880.6 


1,826.8 


2,144.5 


2,297.0 


2,315.7 


2,163.3 


Notice Deposits 

$1,000 or less 
$1,000 to $5,000 
$5,000 to $25,000 
$25,000 to $100,000 
Over $100,000 
Adjustment Items 


4,280.4 

342.8 

35.8 

2.4 

.7 


4,588.0 

454.3 

47.4 

2.8 

.7 


4,968.7 

584.2 

60.0 

3.1 

.8 


5,290.7 

690.2 

77.5 

4.1 

1.0 


5,517.0 

725.2 

89.6 

4.7 

1.0 


617.3 
671.1 
308.9 
105.4 
250.8 
+ 7.7 


752.3 
880.2 
405.1 
122.0 
322.7 
+ 6.6 


862.3 
1,142.9 
497.0 
133.4 
347.8 
+8.3 


901.0 
1,373.3 
645.3 
180.5 
365.7 
+ 10.9 


922.0 , 
l,478.4/.» 
752.6 
203.4 
440.7 ?; 
+8.7 ^-^ 


Total Notice Deposits 


4,662.1 


5,093.2 


5,616.7 


6,063.5 


6,337.5 


1,961.2 


2,488.9 


2,991.6 


3,476.7 


3,805.9 



* As at September 30. 



1 



CHARTERED BANKS: PUBLIC DEMAND AND NOTICE DEPOSITS IN CANADA 



BILLIONS OF DOLLARS 



BILLIONS OF DOLLARS 




OCT. 


OCT. 


OCT. 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


OCT 


SEPT 


1935 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 



1948 



WM'.-M. 



194'; 



106 



■CD BANKS 



ANNUAL CLASSIFICATION OF LOANS IN CANADA 



Millions of Dollars 
1947* 

20.6 
43.9 

147.3 
67.9 



As at October 31 



Provincial governments 

Municipal governments and school districts 

Agriculture : 

Farmers loans ; cattle loans ; fruit raisers 

Loans to grain dealers; grain exporters and seed merchants. . 

Total Agriculture 

Financial : 

Call loans and other accommodation to brokers and dealers. 

Loans to specified institutions 

Loans to individuals against securities 



Total Financial. 



Merchandising; wholesale and retail 

Manufacturers of and dealers in lumber; pulpwood and 

products thereof 

Other manufacturing of all descriptions 

Mining 

Fishing ; including loans to packers and curers of fish 

Public utilities; including transportation companies 

Loans to building contractors and others for building purposes. . . 
Loans to churches; hospitals; charitable and religious institutions 
Other loans 



1943 



5.3 
48.0 

49.8 
245.9 



295.8 

39.4 

27.1 

100.0 



166.6 

100.0 

43.4 

259.4 

10.0 

8.3 
13.4 
45.5 

7.7 
74.4 



Total Loans in Canada 1,077.8 1,049.6 1,139.5 



1944 



5.4 
33.2 

57.7 
209.3 



267.0 

56.8 

27.6 
125.0 



209.5 

122.2 

52.8 

201.6 

12.7 

11.6 

6.3 
39.0 

6.2 
82.0 



1945 



11.5 
20.2 

71.3 
109.5 



180.8 

130.6 

34.2 

172.5 



337.3 

153.9 

61.4 

189.2 

11.5 

11.4 

7.8 

47.6 

6.4 

100.4 



1946 



12.1 
26.5 

109.8 

67.7 



177.5 

97.8 

63.7 

220.8 



382.4 

240.1 

79.4 

238.8 

13.7 

16.4 

15.9 

71.8 

7.8 

156.5 



1,438.9 1,938.2 



215.2 

83.9 

38.1 

225.8 



347.8 

417.7 

116.4 
387.1 
17.0 
21.3 
42.5 
93.9 
13.5 
201.3 



* As at September 30. 



CHARTERED BANKS : CURRENT LOANS TO THE PUBLIC IN CANADA 



MILLIONS OF DOLLARS 



MILLIONS OF DOLLARS 



2000 



1600 



2000 



1600 



1200 




OCT. 


OCT. 


OCT 


OCT 


OCT. 


OCT. 


OCT 


OCT. 


OCT. 


OCT 


OCT. 


OCT 


SEPT 


1935 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 


1944 


1945 


1946 


1947 



107 



1 . - iM 



III— SECURITY PRICES 

Bank of Canada 







Dominion 


of Canada Bonds Payable in Canada Only 

Middle of the Market quotations 






Average of Business Days 


15th of Each Month 






Theoretical 


Theoretical 


Theoretical 


Theoretical 






3% Perpetuals 


15 Year 


9 Year 


5 Year 


2 Year 








Bond 


Bond 


Bond 


Bond 




Price 


Yield 


Yield 


Yield 


Yield 


Yield 




Annual Average 
















1941 


92.23 


3.26 


3.10 


2.92 


2.11 


1.40 




1942 


94.53 


3.17 


3.06 


3.03 


2.18 


1.48 




1943 


94.67 


3.17 


3.01 


2.81 


2.23 


1.52 




1944 


96.79 


3.10 


2.99 


2.68 


2.13 


1.46 




1945 


97.79 


3.07 


2.93 


2.54 


1.93 


1.39 




1946 


103.68 


2.76 


2.61 


2.32 


1.69 


1.39 




Monthly 
















1946— Sept. 


103.75 


2.76 


2.60 


231 


1.68 


1.40 




Oct. 


103.81 


2.75 


2.60 


2.32 


1.70 


1.39 




Nov. 


103.90 


2.74 


2.60 


2.30 


1.68 


1.39 




Dec. 


103.95 


2.74 


2.60 


2.31 


1.70 


1.40 




1947— Jan. 


103.88 


2.74 


2.60 


2.31 


1.72 


1.41 




Feb. 


103.88 


2.74 


2.59 


2.29 


1.73 


1.41 




Mar. 


103.88 


2.74 


2.59 


2.28 


1.74 


1.42 




Apr. 


103.88 


2.74 


2.60 


2.28 


1.75 


1.43 




May- 


103.88 


2.74 


2.59 


2.27 


1.76 


1.44 




June 


103.88 


2.74 


2.57 


2.26 


1.75 


1.44 




July 


104.08 


2.73 


2.55 


2.23 


1.74 


1.45 




Aug. 


104.25 


2.71 


2.55 


2.21 


1.73 


1.45 




Sept. 


104.37 


2.71 


2.55 


2.21 


1.75 


1.45 




Oct. 


104.01 


2.73 


2.55 


2.22 


1.76 


1.44 




Nov. 


104.00 


2.73 


2.55 


2.23 


1.76 


1.44 



YIELDS OF DOMINION GOVERNMENT BONDS 

PAYABLE IN CANADA ONLY 
Quotations for Jsl and 15th of each month 



1 936-47 



2.2% 




34% 



3 8% 



1. 4% 



I 8% 



22% 



2.6% 



3.0% 



3.4% 



1936 1937 1938 1939 1940 1941 1942 1943 1844 1945 1946 1947 

1. Prior to 1940 figures are for the 1st of month. 2. 1936-37 figures are for the 1st of the month, 1938-39 figures are for average of month. 3. Dec. 1st. 



3.8% 



i ^^mw 



108 









III— SECURITY 


PRICES 
















Bank of Canada 










Government Bonds 


3 Month Treasury Bills 






Average of E 


usiness Days 




Tender Rate Nearest 15th of Month 




Canada'" 


U. 


K.<» 


U.S.A."' 


Canada 


U.K. 


USA 




Price 


Yield 


Price 


Yield 


Price 


Yield 




Annual Average 

1944 






100.08 


2.99 


100.18 


2.49 


385 


1.004 


375 


1945 


- 


- 


100.57 


2.95 


101.95 


2.37 


365 


.895 


375 


1946 


104.56 


2.63 


105.22 


2.52 


105.08 


2.15 


388 


.505 


375 


Monthly 

1946— May 


104.68 


2.63 


105.11 


2.53 


105.24 


2.14 


385 


.504 


375 


June 


104.81 


2.61 


104.62 


2.57 


105.65 


2.11 


393 


.505 


375 


July 


104.83 


2.61 


104.93 


2.54 


105.18 


2.14 


.403 


.503 


375 


Aug. 


104.75 


2.62 


105.06 


2.53 


104.40 


2.19 


.402 


.505 


376 


Sept. 


104.75 


2.61 


105.83 


2.46 


103.63 


2.24 


.402 


.508 


375 


Oct. 


104.75 


2.61 


106.58 


2.39 


103.99 


2.22 


395 


.506 


375 


Nov. 


104.79 


2.61 


108.46 


2.22 


104.09 


2.21 


396 


.507 


376 


Dec. 


104.77 


2.61 


108.35 


2.22 


104.19 


2.20 


396 


.500 


375 


1947— Jan. 


104.76 


2.61 


108.54 


2.20 


104.68 


2.17 


399 


.500 


375 


Feb. 


104.83 


2.60 


107.65 


2.28 


104.78 


2.16 


399 


.506 


376 


Mar. 


104.85 


2.60 


105.54 


2.47 


105.07 


2.14 


399 


.506 


376 


Apr. 


104.75 


2.60 


106.01 


2.42 


105.04 


2.14 


.407 


.510 


376 


May 


104.89 


2.59 


106.47 


2.37 


104.97 


2.14 


.407 


.505 


376 


June 


105.00 


2.58 


105.84 


2.43 


104.58 


2.17 


.407 


.506 


376 


July 


105.00 


2.58 


103.27 


2.67 


104.18 


2.20 


.408 


.504 


.594 


Aug. 


104.85 


2.59 


99.86 


3.01 


104.21 


2.19 


All 


.509 


.741 


Sept. 


104.86 


2.58 


100.11 


2.99 


104.35 


2.18 


.407 


.511 


.789 


Oct. 


104.81 


2.59 


101.87 


2.81 


103.84 


2.22 


.410 


.505 


.827 


Nov. 


104.75 


2.59 


102.65 (4) 


2.73 w 


102.44 


2.32 


.408 


.507 


.912 



(1) Dominion of Canada 3% due Sept. 1. 1961-66. (2) United Kingdom 3% due Apr. 15. 1959-69. 

1963-68 is not eligible for commercial banks before Dec. 1, 1952. (4) Nov. 1-24. 



(3) U.S. Treasury 2)i% due Dec. 15, 



LONG TERM DOMESTIC GOVERNMENT BOND YIELDS: 

Daily Opening Quotations 



CANADA, U.K. & U.S.A.: 1946-47 




OCT NOV DEC. JAN, fEB MAR APB MAY JUNE JULY Al5c. SEPT OCT NOV DEC 

1946 1947 

Security is not eligible for commercial banks before Dec. 1, 1952. (1) Nov. 17. 



2 1% 



2 3% 



2 3% 



2 5% 



27% 



2.9% 



3.1% 



109 



OCT. - NOV. 1947 



IV— MUNICIPALITIES": OUTSTANDING DEBT'" 

Millions of Dollars 



TYPE OF DEBT BY CLASS OF MUNICIPALITY 



Calendar Year End (3) 

Bonded Debt 

Schools (Gross) 

Metropolitan 

Other Urban 

Rural 

Total 

Highways (Gross) 

Metropolitan 

Other Urban 

Rural 

Total 

Other (ex. Utilities) (Gross) 

Metropolitan 

Other Urban 

Rural 

Total 

Less Sinking Funds 

Metropolitan 

Other Urban 

Rural 

Total 

Public Utilities (Net) 

Metropolitan 

Other Urban 

Rural 

Total 

Direct 

Bonded Debt (Net) . . . 

Guaranteed (Net) 

Metropolitan 

Other Urban 

Rural 

Total 

Direct & Guaranteed 
Bonded Debt (Net) . . 

Bank Loans 

Metropolitan 

Other Urban 

Rural 

Total 

Total Outstanding 
Debt (Net) 

Metropolitan 

Other Urban 

Rural 

Total 



1944" 



106.0 

69.3 

9.5 

184.8 



93.4 

77.5 

6.7 

177.6 



283.8 

125.2 

16.6 

425.6 



61.4 

66.0 

3.5 

130.9 



98.7 

71.8 

6.2 

176.7 
833.8 



44.7 

2.0 

.1 

46.8 
880.6 



7.5 

8.6 

7.8 

23.9 



572.7 

288.5 

43.3 

904.5 



1945 1 ' 



101.8 

66.5 

9.7 

178.0 



89.1 

73.8 

5.6 

168.5 



273.7 

117.8 

16.2 

407.7 



64.9 

62.2 

3.3 

130.4 



95.7 

67.5 

5.5 

168.7 
792.5 



43.0 

1.8 

.2 

45.0 
837.5 



11.7 
9.3 
8.3 

29.3 



550.0 

274.5 
42.3 

866.8 



1946 

(Est.) (5) 



100.0 

67.9 

9.9 

177.8 



83.8 

74.9 

5.5 

164.2 



266.9 

121.0 

21.5 

409.4 



57.1 

62.4 

3.7 

123.2 



92.6 

67.5 

6.3 

166.4 
794.6 



44.1 

1.7 

.2 

46.0 
840T<T 



11.3 
9.6 

7.4 

28.3 



541.6 

280.1 

47.2 

868.9 



1947 

(Est.) (5) 



100.4 
71.1 

13.4 

184.9" 



85.0 

75.2 

5.7 

165.9 



275.4 

133.1 

22.2 

430.7 



59.9 

63.1 

3.6 

126.6 



88.5 

70.2 

6.1 

164.8 
819.6 



44.0 
1.6 
.2_ 

45.8 
865.4 



13.0 

10.4 

7.6 

31.0 



546.4 

298.5 

51.5 

896.4 ( 



TOTAL BY CLASS OF MUNICIPALITY & PROVINCE 



Calendar Year End"' 



Total Outstanding 

Debt (Net) 
Metropolitan 

Quebec 

Ontario 

Manitoba 

British Columbia 

Total 

Other Urban 

Prince Edward Island. 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 

Rural 

Prince Edward Island 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 

All Municipalities 
Prince Edward Island. 

Nova Scotia 

New Brunswick 

Quebec 

Ontario 

Manitoba 

Saskatchewan 

Alberta 

British Columbia 

Total 



1944 1 ' 



313.2 

156.2 

39.0 

64.3 

572.7 



2.4 

17.7 

11.5 

106.5 

76.1 

1.9 
18.2 
37.8 
16.4 

288.5 



1.5 

3.7 
10.6 
14.4 
4.9 
4.4 
1.2 
2.6 

43.3 



2.4 
19.2 
15.2 
430.3 
246.7 
45.8 
22.6 
39.0 
83.3 

904.5 



1945 <4) 


1946 

(Est.)<5) 


303.9 


299.7 


148.1 


139.1 


33.0 


34.3 


65.0 


68.5 


550.0 


541.6 


2.3 


2.2 


15.9 


16.8 


11.3 


11.6 


105.4 


111.9 


68.7 


67.1 


2.0 


1.8 


16.3 


15.0 


36.2 


37.0 


16.4 


16.7 


274.5 


280.1 


1.5 


1.4 


3.9 


3.7 


10.0 


10.1 


14.4 


18.5 


4.3 


3.9 


4.0 


3.7 


1.3 


1.2 


2.9 


4.7 


42.3 


47.2 


2.3 


2.2 


17.4 


18.2 


15.2 


15.3 


419.3 


421.7 


231.2 


224.8 


39.3 


40.0 


20.3 


18.7 


37.5 


38.1 


84.3 


89.9 


866.8 


868.9 



(1) 

(2) 



(3) 
(4) 
(5) 
6) 



Including school corporations. 

Excludes treasury bills owing to Provinces of 6.7 in the years 1944 to 1946 inclusive and 4.3 in 1947 and accounts payable and other liabilities of about 112, 1U^. 

97 and 93 in the years 1944 to 1947 respectively, against which are such assets as cash, investments, taxes, accounts and other items receivable of greater amounts. 

Sources: Reports of Provincial departments of Municipal Affairs and Education, records of the Dominion Bureau of Statistics and Citizens' Research Institute ol 

Canada. 

Or the fiscal year end nearest the calendar year. 

Figures included for Quebec municipalities are estimates, as actual figures have not yet been published. 

Estimates based on sample municipal returns received by the Dominion Bureau of Statistics. 

Quebec school figures included are at June 30. 1947, the school fiscal year end. Thus they are not affected by the reorganization of debts of school commissions which 

came into force Oct. 20th, 1947 and the consequent transfer of certain school commission liabilities to the Quebec Municipal Commission with provincial guarantee. 



- NOV. 1947 

IV- 



110 



MUNICIPALITIES' 



CURRENT REVENUE AND EXPENDITURE 

Millions of Dollars 



CURRENT REVENUE'" 



Calendar Years'-" 



*eal Property Tax <(,) 

Metropolitan 

Other Urban 

Rural 



Total. 



•ales Tax 
Metropolitan . 
Other Urban . 
Rural 



Total. 



)ther Taxes 
Metropolitan . 
Other Urban. 
Rural 



Total . 



otal Taxation 

Metropolitan. . . 

Other Urban 

Rural 



Total. 



icenses, Permits & Fees 

Metropolitan 

Other Urban 

Rural 



Total. 



ublic Utility 
Contributions 

Metropolitan 

Other Urban 

Rural 



Total . 



thf.it " 

Metropolitan . 
Other Urban. 
Rural 



Total . 



otal Revenue 
Metropolitan. . 
Other Urban. .. 
Rural 



Total 



1944«4) 



99.1 
93.5 

73.1 

265.7 



(5.3 

1.6 

.1 

8.0 



11.1 

12.5 

1.9 

25.5 



116.5 

107.6 

75.1 

299.2 



3.4 
3.6 

.8 

7.8 



7.3 

9.5 

.3 

17.1 




34.2 



140.7 

134.3 

83.3 

358.3 



1945'*' 



98.3 
95.0 
69.1 

262.4 



7.2 

1.7 
.1 

9.0 



11.1 

12.9 

2.0 

26.0 



116.6 
109.6 

71.2 

297.4 



3.6 

3.7 

.9 

8.2 



7.3 

10.0 

.2 

17.5 



14.6 

14.4 

6.7 

35.7 




358.9 



1946 

(Est.)(S) 



103.7 
99.5 
72.9 

276.1 



9.6 

1.9 
.1 

11.6 



11.9 

14.2 

2.1 

28.2 



125.2 
115.6 

75.1 

315.9 



4.4 

4.0 

.9 

9.3 




17.1 



16.5 

14.6 

8.1 

39.2 



152.6 
144.5 

84.4 

381.5 



1947 

(Est.)(5) 



109.8 

106.1 

75.7 

291.6 



9.3 

2.0 

.1 

11.4 



12.6 

15.1 

2.2 

29.9 



131.7 

123.2 

78.0 

332.9 



4.5 
4.1 
1.0 

9.6 



7.2 

10.1 

.2 

17.5 



13.5 

15.2 

7.1 

35.8 



156.9 

152.6 

86.3 

395.8 



CURRENT EXPENDITURE' 



Calendar Years' 3 ' 



Schools' 8 ' 

Metropolitan 

Other Urban 

Rural 

Total 

Public Welfare' 8 ' 

Metropolitan 

Other Urban 

Rural 

Total 

Highways, Roads, 
Streets' 8 ' 

Metropolitan 

Other Urban 

Rural 

Total 

Protection, General 
Administration and 
Sundry' 8 ' 

Metropolitan 

Other Urban 

Rural 

Total 

Debt Charges 

(ex. Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

(ex. Provision for 
Debt Repayment) 

Metropolitan 

Other Urban 

Rural 

Total 

Provision for 
Debt Repayment 

Metropolitan 

Other Urban 

Rural 

Total 

Total 
Current Expenditure 

Metropolitan 

Other Urban 

Rural 

Total 



1944(4) 



29.5 
37.7 
29.6 

96.8 



18.2 

14.8 

7.3 

40.3 



9.2 
13.8 
15.4 

38.4 



40.6 
35.8 
15.4 

91.9 



21.1 

13.7 

2.6 

37.4 



118.6 

115.8 

70.4 

304.8 



17.4 

15.9 

3.8 

37.1 



136.0 

131.7 

74.2 

341.9 



1945 l4 > 



29.5 
34.7 
31.6 

95.8 



18.9 

15.1 

8.5 

42.5 



10.0 
15.9 
18.9 

44.8 



43.9 
39.4 

16.8 

100.1 



19.9 

11.9 

2.0 

33.8 



122.3 
116.9 

77.8 

317.0 



17.6 

15.5 

3.5 

36.6 



139.8 

132.5 

81.3 

353.6 



1940 

(Est.) (5) 



33.6 
37.5 
33.3 

104.4 




47.2 



12.0 
18.1 
20.7 

50.8 



49.0 
43.5 
17.9 

110.4 



19.1 

11.6 

2.0 

32.7 



135.3 
127.4 

82.7 

345.4 



17.7 

15.4 

3.6 

36.7 



153.0 

142.9 

86.2 

382.1 



J 



Including school corporations. 

Provincial grants, other than general subsidies, have been excluded from " Revenue" and corresponding amounts deducted from "Expenditure". Provincial subsidies 
leral purposes are included in "Other Revenue". The classification of "Revenue" (other than taxation) and " Expenditure" involves a considerable amount 

>l estimation so that classified totals are at best approximate. 
Or the fiscal year nearest the calendar year. 

Figures included for Quebec municipalities are estimates, as actual figures have not yet been published. 
ites based on sample municipal returns received by the Dominion Bureau of Statistics. 

1 ax collection figures have been used so far as this information is available. 

Includes amounts received under Dom.-Prov. Tax Agreements of 3.9 in the years 1944 to 1946 inclusive and 2.6 in 1947. Excludes any surpluses from previous years. 

Excludes debt charges. 



Ill 



— mm ^ 



V— BOND ISSUES AND RETIREMENTS"' 

Par Values in Millions of Canadian Dollars* Bank °f Canada 





I-Dominion Direct & Guaranteed 
and Other C.N.R. 




II-Provincial Direct and Guaranteed 








Net New 
Issues or 


New Issues 


Retirements 


Net New 
Issues or 








Retirements 




New 


Refunding 


Refunded 


Other 


Retirements 


Calendar Years 


















1943 


3,047.8 


590.2 


2,457.6 




47.3 


101.1 


106.3 


60.1 


18.0 


1944 


3,122.1 


497.5 


2,624.5 




12.4 


89.0 


86.6 


81.3 


66.4 


1945 


3,636.5 


132.7 


3,503.9 




40.8 


137.3 


137.4 


64.0 


23.3 


1946 


913.5 


866.1 


47.4 




57.8 


73.4 


68.7 


66.6 


4.1 


Nine Months 




















1944 


1,449.4 


280.3 


1,169.2 




7.4 


60.0 


63.9 


67.0 


63.6 


1945 


1,600.1 


28.7 


1,571.4 




37.3 


76.3 


66.4 


45.2 


2.0 


1946 


23.1 


419.5 


396.4 




45.6 


60.9 


57.6 


53.8 


4.9 


1947 


98.4 


495.4 


397.0 




103.1 


69.4 


69.4 


66.3 


36.7 


Quarters 




















1947-1 


73.5 


54.1 


19.4 




75.9 


35.1 


30.3 


14.3 


66.4 


II 


14.6 


408.7 


394.1 




21.7 


32.0 


14.2 


16.2 


23.3 


III 


10.4 


32.7 


22.3 




5.5 


2.3 


24.9 


35.8 


52.9 





III-CORPORATIONS 




New 


SSUES 


RETIREMENTS 


Net New 

Issues or 

Retirements 




New 


Refunding 


Refunded 


Other 


Calendar Years 












1943 


22.7 


38.9 


38.9 


84.3 


61.7 


1944 


51.1 


95.5 


95.5 


89.4 


38.3 


1945 


77.2 


107.3 


110.2 


76.3 


2.0 


1946 


104.5 


459.7 


459.8 


121.4 


17.0 


Nine Months 












1944 


36.1 


73.3 


73.3 


59.4 


23.2 


1945 


45.7 


105.3 


107.8 


62.3 


19.2 


1946 


88.5 


417.8 


361.1 


101.7 


43.5 


1947 


111.4 


185.7 


188.8 


133.6 


25.3 


Quarters 

1947-1 


33.9 


131.3 


39.2 


23.9 


102.0 


II 


49.9 


46.1 


133.7 


30.3 


68.0 


III 


27.6 


8.4 


15.9 


79.4 


59.3 




IV— Dominion Treasury Bills, 


Deposit Certificates and Short- 


Term Notes Sold Directly to Bank 


of Canada and Chartered Banks 


Net New 


Total 


Issues or 


Outstanding 


Retirements 


at End of Period 


535 


2,243 


248 


2,491 


695 


1,796 


250 


1,546 


296 


2,539 


215 


2,276 


45 


1,841 


271 


1,275 


266 


1,280 


95 


1,375 


100 


1,275 



•SUMMARY OF CHANGES IN CURRENCY OF PAYMENT" 

DOMINION AND PROVINCIAL DIRECT AND GUARANTEED, OTHER C.N.R. 

Par Values in Millions of Canadian Dollars* AND CORPORATION BONDS 





NEW ISSUES were payable In: 


RETIREMENTS were payable in: 


Net Incr 

Net De 

In Bonds C 

lng Paj 


ease or 
crease 

(utstaiul- 




Canada 
only 


New York 
only 


Canada & 
New York 


London 


Total 


Canada 
only 


New York 
only 


Canada & 
New York 


Canada, 
New York 
& London 


London 


Total 


rable: 




In Canada 
only 


Abroad 


Calendar Years 




























1943 


3,113.9 


143.3 


.2 


.4 


3,257.8 


526.4 


260.6 


52.3 


21.8 


18.7 


879.9 


2,587.5 


209.5 


1944 


3,269.9 


83.8 


15.1 


1.3 


3,370.2 


635.1 


27.6 


63.5 


100.6 


23.6 


850.4 


2,634.8 


115.1 


1945 


3,871.7 


49.0 


77.9 


.4 


3,999.1 


278.2 


73.2 


52.0 


101.0 


16.1 


520.5 


3,593.5 


115.0 


1946 


1,433.0 


175.9 


- 


- 


1,608.9 


1 ,083.9 


317.2 


109.9 


60.7 


10.9 


1,582.5 


349.1 


322.8 


Nine Months 




























1944 


1,539.8 


75.9 


9.4 


1.2 


1,626.2 


364.1 


19.0 


56.5 


92.5 


11.8 


543.9 


1,175.7 


93.3 


1945 


1,788.2 


26.9 


49.2 


.3 


1,864.7 


148.2 


26.8 


28.6 


97.9 


9.0 


310.4 


1,640.1 


85.8 


1946 


460.0 


175.9 


- 


- 


635.9 


569.2 


307.7 


90.7 


15.9 


10.2 


993.7 


109.1 


248.7 


1947 


557.5 


5.0 


5.5 


- 


568.0 


707.1 


53.6 


58.4 


105.8 


28.7 


953.5 


149.6 


235.9 


Quarters 

1947-1 


349.6 











349.6 


102.6 


37.2 


4.7 


5.6 


11.7 


161.8 


247.0 


59.2 


II 


153.7 


5.0 


5.5 


- 


164.2 


475.3 


6.2 


33.1 


86.1 


2.4 


603.1 


321.5 


117.3 


III 


54.1 




~~ 




54.1 


129.2 


10.2 


20.6 


14.1 


14.6 


188.6 


75.1 


59.5 



* Issues payable in foreign currency are included at the par of exchange up to Sept. 15, 1939, but thereafter conversion is made on the basis of the official rates 
of the Foreign Exchange Control Board. 

(1) Subject to revision. Provincial Treasury Bills ate excluded. I) inion Treasury Bills, Deposit Certificates and short-term notes sold directly to Bank of 

Canada and the chartered banks are not included in Heading I but are shown separately in Heading IV. Because of lack of sufficient data no tabulation in 
respect of municipalities and religious institutions was possible. However, the net reduction of total municipal bonded debt less sinking funds has been 
(in millions of dollars) 53, 27, 39 and 6, in the years 1943 to 1946, respectively. 












112 



VI— BUSINESS ACTIVITY 

Dominion Bureau of Statistics 





PRODUCTION 


Res- 
idential 

Con- 
struction 
Contracts 
Awarded 


Car 
Loadings 


Department 

Store Sales 

Index of 

Value 

Seasonally 

adjusted 

1935-39=100 


Employ- 
ment 
Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 


Aggregate 
Payrolls 




Gold 


Nickel 


Steel 


News- 
print 
(i) 


Central 
Electric 

Stations' 2 ' 


Index 

(3) 

Unadjusted 

June 1, 
1941 = 100 




Thousands 
Fine Ounces 


Thousands 
Short Tons 


Thousands 
Short Tons 


Thousands 
Short Tons 


Millions 
Kilowatt Hrs 


Millions 
of Dollars 


Thousands 


Annual Totals ' 

1926 


1,754 


33 


869 


1,889 


9,354 


110 


3,268 


_ 


65.1 




1929 


1,928 


55 


1,543 


2,727 


13,897 


129 


3,532 


140.5 


77.8 


- 


1932 


3,044 


• 15 


380 


1,919 


12,296 


29 


2,180 


93.1 


57.2 


- 


1937 


4,096 


112 


1,571 


3,648 


17,934 


56 


2,634 


103.8 


74.6 


- 


1944 


2,923 


137 


3,016 


2,992 


35,054 


131 


3,661 


165.7 


119.8 


148.2 


1945 


2,697 


123 


2,878 


3,259 


30,824 


196 


3,627 


183.8 


114.7 


142.6 


1946 


2,828 


96 


2,335 


4,143 


31,063 


213 


3,690 


218.5 


113.5 


142.4 


12-Months Ending 

Oct. 1947 


2,983* 


112* 


2,900 


4,420 


36,404 


190 


3,924 


244.2 


121.4 


166.8 


Monthly 

1946 — June 


234.4 


7.7 


214.9 


334.2 


2,506 


22.6 


291 


189.5 


111.3 


136.6 


July 


239.6 


8.2 


135.9 


357.0 


2,502 


21.1 


305 


207.0 


113.7 


141.9 


Aug. 


231.2 


7.8 


88.7 


370.7 


2,546 


19.2 


325 


232.2 


113.2 


143.1 


Sept. 


229.9 


8.1 


76.6 


330.1 


2,476 


13.5 


324 


244. 5 


114.9 


145.6 


Oct. 


240.8 


8.7 


123.8 


376.4 


2,725 


21.5 


371 


218.3 


116.6 


149.8 


1947— June 


269.1 


9.8 


238.3 


355.6 


3,017 


23.6 


332 


218.5 


120.8 


168.5 


July 


261.4 


9.8 


232.3 


379.7 


3,048 


17.9 


343 


245.5 


124.1 


173.8 


Aug. 


260.9 


9.9 


233.8 


377.9 


3,006 


25.3 


331 


250.7 


126.1 


178.6 


Sept. 


247.7 


7.6 


234.2 


366.1 


3,069 


22.5 


352 


282.4 


126.5 


180.3 


Oct. 






256.5 


396.3 


3,281 


17.7 


388 


245.4 


127.4 


184.6 



(1) Source: Newsprint Association of Canada. (2) Total output less exports and secondary power. (3) 8 Leading industries. 

(4) Average of months in case of Department Store Sales, Employment and Payrolls Indexes. * 12-Months ending Sept. 1947. 



First of month. 



VII— WHOLESALE PRICES 

Index 1935-39 = 100 
CANADA U.K. 

Dominion Bureau of Statistics^ Board of Trade U) 



U.S.A. 

Bureau of Labor Statistics^ 



Average of Mthi. 

1929 
1932 
1937 

1943 
1944 
1945 
1946 

Monthly 

1946-Aug. 
Sept. 
Oct. 
Nov. 
Dec. 



1947 



-Jan. 
Feb. 
Mar. 
Apr. 
May 
June 
July 
Aug. 
Sept. 
Oct. 



Farm 
Products 



140.8 

65.5 

117.4 

145.4 
155.3 
160.3 
165.0 

167.1 
164.5 
164.2 
164.5 
165.6 

168.0 
169.0 
170.0 
171.3 
174.0 
175.7 
177.8 
178.8 
181.9 
181.3 



Raw 

Materials 



134.9 

76.1 

116.6 

137.1 
143.8 
146.1 
151.5 

150.2 
149.7 
155.3 
157.0 

157.1 

159.3 
165.1 

171.2 
173.7 

177.2 
178.8 
181.2 
184.1 
184.6 
191.7 



Floods 



133.0 

81.8 

108.0 

136.2 
134.8 
137.5 
143.0 

143.6 
143.0 
146.1 
146.7 
146.4 

148.3 
148.4 
149.5 
153.1 
157.0 
158.4 
160.2 
161.8 
171.5 
176.3 



Manu- 
factures 



122.2 

91.7 

105.8 

122.3 
123.0 
123.5 
129.8 

130.9 
131.1 
133.2 
133.2 
133.6 

136.3 
140.3 
141.5 
146.9 
149.0 
151.9 
152.7 
153.9 
161.6 
167.5 



Total 



124.0 

86.5 

109.7 

129.7 
132.9 
134.4 
141.0 

141.8 
141.6 
144.0 
144.7 
145.3 

148.1 
153.2 
156.2 
159.4 
162.5 
165.8 
167.4 
169.7 
173.5 
180.7 



Foods 

120.8 

92.3 

107.6 

168.2 
166.1 
166.2 
166.4 

167.5 
166.5 
165.5 
164.9 
164.5 

164.8 
166.4 
166.7 
172.0 
173.3 
174.4 
176.8 
175.7 
173.2 
175.9 



Total 



115.1 

86.3 

109.6 

164.1 
167.5 
170.4 
176.6 

178.2 
178.8 
179.0 
180.4 
181.4 

183.1 
184.7 
185.1 
188.6 
190.6 
191.3 
194.9 
195.5 
196.8 
200.9 






F'arm 


Raw 




Manu- 




Products 


Materials 


Foods 


factures 


Total 


138.0 


127.0 


126.3 


114.1 


118.2 


63.4 


71.7 


77.1 


84.9 


80.4 


113.7 


110.4 


108.1 


105.3 


107.1 


161.3 


146.0 


135.0 


121.0 


128.0 


162.5 


147.5 


132.7 


121.7 


129.0 


168.8 


152.2 


134.3 


122.9 


131.3 


195.5 


175.1 


164.9 


139.9 


150.0 


211.8 


189.7 


188.4 


149.6 


160.2 


203.0 


184.1 


166.7 


141.5 


153.8 


217.5 


193.6 


199.6 


156.5 


166.4 


223.4 


199.7 


209.1 


162.7 


173.3 


221.2 


199.5 


202.4 


163.9 


174.8 


217.1 


198.0 


197.5 


165.1 


175.6 


224.2 


201.7 


204.8 


168.7 


179.3 


240.3 


212.5 


211.9 


173.1 


185.5 


232.9 


208.5 


205.3 


171.4 


183.3 


231.2 


206.5 


202.0 


171.1 


182.5 


234.1 


208.6 


204.6 


171.1 


183.6 


238.7 


215.2 


211.3 


173.9 


187.1 


239.1 


217.4 


217.8 


178.3 


190.6 


245.3 


222.4 


226.7 


183.1 


195.3 


249.6 


227.9 


224.8 


182.5 


196.7 



100. 



(1) Raw materials, foods, manufactures and total index adjusted to 1935-39= 100 from base 1926 = 

(2) Adjusted to 1935-39= 100 from base 1913= 100 in 1929 and from base 1930= 100 thereafter. 

(3) Adjusted to 1935-39= 100 from base 1926= 100. 
An independent series with different weighting and different prices from those included in the "Total Index". Prices include subsidies. The series 
is not directly comparable with the U.S.A. "Farm Products Index". 



113 



Index 1935-39 = 100 



VIII— COST OF LIVING* 

Dominion Bureau of Statistics 





Food 


Fuel and 
Lighting 


Clothing 


Rent 


Home 
Furnishings 
and Services 


Miscellaneous 


Total 
Index 


Weighting 


31 


6 


12 


19 


9 


23 


100 


Average of Months 
















1926 


133.3 


116.8 


139.1 


115.9 


106.1 


121.8 


1929 


134.7 


112.6 


134.8 


119.7 


105.0 


121.7 


1932 


85.7 


106.8 


100.6 


109.7 


100.4 


99.0 


1937 


103.2 


98.9 


101.4 


99.7 


101.5 


100.1 


101.2 


1943 


130.7 


112.9 


120.5 


111.5 


118.0 


108.0 


118.4 


1944 


131.3 


110.6 


121.5 


111.9 


118.4 


108.9 


118.9 


1945 


133.0 


107.0 


122.1 


112.1 


119.0 


109.4 


119.5 


1946 


140.4 


107.4 


126.3 


112.7 


124.5 


112.6 


123.6 


Monthly 
















1946— Nov. 


146.6 


108.6 


131.1 


113.4 


129.2 


114.1 


127.1 


Dec. 


146.4 


109.2 


131.2 


113.4 


129.4 


114.1 


127.1 


1947— Jan. 


145.5 


109.0 


131.5 


113.4 


129.8 


114.7 


127.0 


Feb. 


147.0 


109.1 


131.9 


113.4 


130.9 


115.5 


127.8 


Mar. 


148.7 


109.1 


133.1 


113.4 


133.6 


116.0 


128.9 


Apr. 


151.6 


109.1 


136.9 


113.4 


137.2 


116.3 


130.6 


May 


154.9 


116.2 


140.0 


115.4 


138.6 


116.8 


133.1 


June 


157.7 


116.7 


142.4 


117.8 


139.8 


117.1 


134.9 


July 


159.8 


117.3 


143.2 


117.8 


142.5 


117.2 


135.9 


Aug. 


160.6 


118.6 


145.5 


117.8 


143.7 


117.2 


136.6 


Sept. 


165.3 


121.1 


152.0 


117.8 


147.4 


117.5 


139.4 


Oct. 


171.3 


121.9 


154.2 


119.9 


149.9 


117.6 


142.2 


Nov. 


173.6 


122.6 


157.0 


119.9 


151.4 


118.2 


143.6 



* Components were selected and weighted on the basis of 1938 family incomes ranging from $450 -$2,500, with incomes bet ween $1,200 -$1,600 most common. 



COST OF LIViNG INDEXES = 1914-47 



INDEX 1935-39=100 



INDEX 1935-39-100 

220 




Beginning of month. 

The vertical measurement of each bar represents the weighting ol 1 1 it- respective component in the total cost ul living index, i.e. the area of each bar 

in the chart represents that part of the total increase in the cost of living index attributable to the component in question. 



L 



114 



IX— FARM PRICES OF AGRICULTURAL PRODUCTS! 



Index 1935-39 = 100 






Dominion Bureau of Statistics 












P.E.I. 


X.S. 


N.B. 


Que. 


Ont. 


Man. 


Sask. 


Alia. 


B.C. 


Canada 


Annual Average 






















1935 


81.4 


92.6 


80.8 


90.1 


93.2 


85.6 


83.1 


84.3 


92.7 


88.0 


1937 


103.7 


99.3 


100.1 


104.1 


108.7 


129.9 


136.4 


131.4 


107.1 


119.7 


1939 


104.6 


107.6 


111.4 


100.4 


99.2 


85.6 


79.9 


84.9 


98.8 


91.8 


1942 


156.2 


144.1 


160.4 


153.4 


147.0 


122.2 


110.5 


121.7 


140.6 


133.1 


1943 


190.3 


169.1 


181.4 


172.6 


165.0 


151.3 


139.9 


149.9 


175.9 


157.8 


1944 


172.7 


173.3 


171.8 


171.7 


168.7 


173.1 


171.4 


176.9 


179.7 


172.3 


1945 


196.7 


180.8 


195.3 


179.5 


174.0 


176.1 


173.7 


179.9 


187.4 


177.3 


1946 


197.2 


190.5 


207.7 


196.0 


187.3 


178.8 


171.7 


180.4 


200.6 


184.1 


Monthly 

1946— July 


217.1 


200.9 


229.3 


199.9 


191.1 


181.5 


173.8 


184.0 


209.9 


188.4 


Aug. 


237.1 


205.7 


224.3 


201.4 


190.1 


180.7 


172.8 


183.1 


201.0 


187.7 


Sept. 


176.5 


185.9 


193.4 


197.9 


188.6 


179.5 


171.3 


182.0 


204.2 


184.6 


Oct. 


166.7 


181.4 


181.5 


200.5 


189.0 


179.6 


171.6 


179.3 


202.8 


184.1 


Nov. 


161.5 


179.4 


180.2 


202.2 


190.7 


180.1 


171.9 


179.4 


203.9 


184.8 


Dec. 


161.7 


177.8 


176.3 


203.6 


190.5 


180.7 


173.2 


180.8 


206.0 


185.5 


1947— Jan. 


155.7 


178.0 


179.4 


206.1 


191.4 


183.2 


173.9 


182.0 


206.3 


186.7 


Feb. 


155.1 


177.0 


180.1 


205.2 


190.3 


184.8 


175.0 


184.7 


204.3 


187.0 


Mar. 


165.3 


176.3 


184.3 


206.1 


193.0 


186.6 


177.2 


187.8 


204.5 


189.4 


Apr. 


166.2 


178.1 


182.1 


203.7 


193.2 


191.4 


178.5 


190.8 


207.4 


190.5 


May 


168.4 


179.0 


190.4 


204.8 


195.6 


192.6 


179.8 


192.2 


206.0 


192.2 


June 


175.6 


181.1 


196.0 


208.6 


201.2 


194.4 


180.6 


192.6 


206.2 


195.0 


July 


179.9 


184.8 


197.7 


210.5 


201.7 


193.3 


179.4 


191.9 


212.8 


195.3 


Aug. 


211.1 


195.2 


216.6 


213.6 


204.6 


192.1 


178.8 


190.3 


212.0 


196.9 


Sept. 


196.7 


192.4 


211.9 


219.9 


208.0 


194.9 


180.8 


195.2 


216.6 


200.1 



t Prices received by farmers omitting storage, transportation, processing and handling charges, but including subsidies, bonuses and premiums which can be 
attributed to specific products. Advance and final equalization payments on oats and barley are included up to July 1945. From that date the advance payments 
only are included until their discontinuance on March 18, 1947. The amounts paid per bushel on wheat participation certificates are included in the wheat 
prices up to July 1945. 



Index 1935-39 = 100 



FARM OPERATING AND LIVING COSTS 

Dominion Bureau of Statistics 









Commodities Used by Farmers 






»B"«> 


"C"<» 






Imple- 
ments 


Fertilizer 


Seed 


Gasoline, 
Oil& 
Grease 


Building 
Material 


Hardware 


Feed 


Binder 
Twine 


"A" 

(Total 8 

Com- 
modities) 


Farm 
Living 
Costs 


Annual Average* 

1935 
1936 
1937 
1938 
1939 


95.5 

98.0 

97.4 

104.5 

103.9 


98.1 

96.4 

96.4 

102.1 

107.2 


90.7 

100.8 

132.6 

95.7 

80.2 


104.3 

99.8 
99.8 
98.6 
97.6 


87.1 
97.3 

108.7 
98.7 

108.1 


96.4 

96.7 

100.8 

104.4 

101.6 


92.2 

97.6 

128.3 

101.7 

80.1 


89.6 
100.8 
106.4 
109.2 

93.8 


95.6 

98.4 

108.5 

101.1 

96.1 


97.2 

98.5 

106.0 

100.8 

97.2 


96.0 

98.0 

105.4 

101.5 

99.1 


97.9 

98.3 

102.9 

102.0 

99.5 


1942— Apr. 
Aug. 


116.7 
116.7 


114.0 
114.0 


117.9 
116.0 


120.1 
120.5 


147.5 
149.6 


119.1 
120.3 


110.7 

113.4 


125.0 
126.4 


119.4 
119.9 


115.9 
116.2 


126.9 
129.2 


118.4 
119.9 


1943— Apr. 
Aug. 


116.7 
116.7 


108.0 
108.0 


127.1 
132.8 


120.6 
120.6 


153.8 
156.5 


120.7 
120.5 


118.5 
122.9 


126.4 
126.4 


121.6 
123.1 


118.0 
119.1 


133.1 

138.9 


121.4 
122.0 


1944— Jan. 
Apr. 
Aug. 


116.7 
116.8 
116.8 


108.0 
108.0 
108.0 


136.9 
136.4 
135.6 


120.6 
120.6 
120.6 


172.1 
172.8 
174.1 


120.8 
120.8 
119.7 


126.2 
127.1 
126.9 


126.4 
126.4 
126.4 


125.5 
125.8 
125.8 


121.5 

121.7 
121.7 


136.7 
140.6 
142.3 


122.7 
123.0 
122.6 


1945— Jan. 
Apr. 
Aug. 


113.1 
113.1 
113.1 


108.0 
108.0 
108.0 


137.3 
138.8 
139.5 


119.9 
119.9 
120.1 


174.9 
174.8 
174.2 


119.6 
119.8 
119.2 


128.5 
129.2 
129.6 


126.4 
126.4 
126.4 


125.3 
125.5 

125.7 


120.3 
120.5 
122.1 


137.4 
142.0 
145.7 


122.8 
123.0 
123.7 


1946— Jan. 
Apr. 
Aug. 


113.1 
119.3 
119.3 


108.0 
108.0 
110.1 


142.3 
144.4 
142.4 


120.1 
121.9 
121.9 


174.3 
175.3 
175.9 


119.2 
120.4 
122.8 


129.6 
130.0 
130.6 


126.4 
126.4 
126.4 


125.9 
128.2 
128.6 


121.1 

123.8 
124.1 


140.5 
147.1 
149.2 


124.6 
126.1 
130.5 


1947— Jan. 
Apr. 
Aug. 


122.7 

122.7 
122.7 


110.8 
110.8 
125.2 


145.8 
163.8 
185.6 


122.4 
126.4 
127.7 


177.4 
178.9 
202.9 


124.1 
128.0 
136.8 


131.7 
144.9 
148.8 


126.4 
226.2 
226.2 


130.4 
138.5 
145.8 


125.5 
131.5 
137.0 


146.7 
156.8 
164.2 


132.2 
136.1 
146.5 



► "B" equals "A" (8 commodities used by farmers) plus tax rates and interest rates. (2) "C" equals "B" plus farm wage rates. 
For 1942-43 indexes have been calculated twice each year and for 1944-47 three times each year. 



115 



Millions of Dollars 



PROFIT STATISTICS : SUMMARY STATEMENT 



XI— FINANCIAL STATISTICS 

Bank 



Fiscal Year Nearest to Calendar Year 


1936 


1937 


1938 


1939 


1940 


1941 


1942 


1943 ) 1944 


1945 


1946 


Net Operating Profit (Before Depreciation)'" 

I )epreciation t2) 


377 

105 

47 

49 


454 

113 

50 

47 


392 

109 

48 

45 


470 

110 

44 

45 


594 

138 

40 

46 


734 

168 

43 

44 


799 

190 

36 

43 


759 

183 

38 

42 


693 

157 

40 

41 


679 

147 

42 

39 


745 
148 


Investment and Other Non-Operating Income (Net) . . . 
Bond Interest (incl. Exchange & Amortization of Discount) 


44 
37 


Net Profit before Income & E. P. Tax Provision'" 

Income & E. P. Tax Provision (ex. Refundable Portion) 


270 
48 


344 
60 


286 
51 


353 

72 


450 
173 


565 

206 


002 
303 


572 
292 


535 

267 


535 
264 


004 
273 


Net Income to Stockholders'" ' 


222 
222 


284 
284 


235 
235 


281 
281 


277 
277 


299 
299 


299 

20 

279 


280 

33 

247 


268 

28 

240 


271 

27 

244 


331 


Forced Saving (Refundable Portion of Excess Profits Tax) 
Net Income Available for Dividends'" 


2 
329 






Net Income Paid Out in Cash Dividends 


182 
40 


216 

68 


229 
6 


220 
61 


221 
56 


220 
79 


205 
74 


195 
52 


192 
48 


189 
55 


245 


Undistributed Income (ex. Forced Saving) 


84 







NET INCOME TO STOCKHOLDERS : INDUSTRIAL CLASSIFICATION 



Fiscal Year Nearest to Calendar Year 

Grain Mill Products.. 

Food 

Drink ." 

Tobacco 

Leather 

Rubber 

Primary Textiles 

Misc. Textiles 

Clothing 

Wood Products (incl. Logging) .... 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-Ferrous Metals 

Non-Metallic Minerals (ex. Fuels) 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Communications 

Transportation and Storage 

Grain Elevators 

Total of 689 Companies 



Number 
of Com 
parties 



7 
49 

14 
4 

12 
7 
28 
14 
27 

19 
23 
25 
12 

51 
58 
27 

38 
18 
23 
17 
II 
31 
11 

67 
34 
24 
6 
18 
14 



689 



1936 



1.3 

8.5 

4.9 
7.0 

.6 
1.7 
5.2 
2.7 

.9 



1.4 
1.5 
1.1 

5.8 
5.9 

4.2 

38.5 

59.5 

1.8 

3.8 

30.2 

8.5 



3.2 
3.3 

11.4 
6.9 

.7 



222.1 



1937 



1.4 

8.0 
6.0 
7.4 

.6 
1.6 
4.8 
2.7 
1.1 

1.0 
6.6 
2.1 
1.4 

11.0 

12.7 

7.3 

40.3 
85.0 
4.3 
4.1 
33.1 
10.0 



3.9 

4.9 
13.9 

7.7 
.7 
.5 



284.0 



1938 



.2 

7.9 
5.0 
7.3 

.4 
2.3 
3.2 
1.9 



.5 

.7 
1.8 
1.1 

8.0 

11.0 

6.1 

43.4 

56.6 

4.6 

3.9 

30.8 

9.0 

.7 

3.0 
4.8 
13.4 
8.0 
1.1 
1.5 



234.8 



1939 



2.1 

13.6 

6.0 
7.6 



2.4 
7.9 
3.0 
1.4 

1.2 
7.6 
2.0 
1.4 

12.7 
8.8 
6.1 

43.2 

68.6 

5.1 

4.7 

27.3 

12.3 

1.2 

4.9 
5.7 
13.5 
8.1 
1.3 



281.3 



1940 



2.2 

9.9 
5.0 
7.0 

.7 
2.3 
6.8 
2.6 
1.1 

1.1 
15.3 

1.9 
1.2 

12.1 

12.9 

6.7 

40.7 

67.4 

4.8 

4.2 

23.0 

10.9 

1.2 

4.7 
5.6 
13.7 
8.2 
2.0 
1.6 



276.8 



1941 



2.0 

10.6 

6.4 

6.7 

.6 
3.2 

7.7 
3.4 
1.4 

1.2 

16.3 

2.4 

1.2 

13.8 
18.0 

7.7 

36.7 

74.1 

5.2 

4.0 

21.5 

11.4 

1.2 

4.9 
6.8 
14.5 
9.8 
3.8 
2.0 



298.5 



1942 
(3) 



1.9 

11.7 

7.5 

6.9 

.9 
4.9 
8.6 
3.5 
2.0 

1.4 

13.0 

2.4 

1.1 

15.0 

22.0 

9.0 

29.1 

73.0 

5.6 

3.7 

20.0 

10.3 

1.4 

5.3 

7.4 
16.5 
9.9 
3.2 
1.8 



299.0 



1943 

(3) 



2.6 

11.6 

6.8 

6.8 



4.1 
6.9 
3.4 
1.9 

1.3 

12.1 

2.3 

1.2 

14.9 

19.6 

8.4 

22.4 
68.1 
4.3 
3.4 
22.0 
9.2 
1.2 

5.7 
7.9 
10.7 
9.3 
2.4 
2.6 



279.9 



1944 
(31 



2.8 

12.2 

8.4 

6.9 

1.1 
3.6 
8.4 
3.0 
2.2 

.7 

14.5 

2.3 

1.2 

13.6 

18.5 

9.2 

16.3 

58.5 

3.7 

3.5 

21.7 

10.0 

1.4 

5.1 
9.2 
15.8 
9.5 
2.3 
2.5 



268.1 



1945 

(3) 



2.6 
11.3 
11.3 

7.1 

1.0 
3.9 
7.6 
3.3 
2.3 

1.3 

15.8 

2.3 

1.5 

12.4 

17.9 

7.6 

14.4 

57.1 

5.0 

3.8 

22.9 

10.5 

1.5 

6.0 

10.3 

10.1 

10.2 

2.4 

2.0 



271.4 



1946 

(3) 



2.9 
13.3 
19.6 

7.4 

1.4 
4.(i 
7.0 
4.2 
3.6 

2.6 

34.3 

4.2 

1.9 

14.4 

16.7 

6.9 

10.8 

68.4 

6.7 

3.8 

25.8 

12.7 

1.7 

8.9 

15.1 

18.1 

10.3 

.9 

1.6 



330.7 



* The tabulation includes all those companies with 1941 assets over $200,000 for which consistent reports were available from 1936-1946. The accounts of 
certain companies which were available in some or all of these years were not comparable throughout the period and had to be excluded. The material is 
of course, subject to all the limitations and qualifications which apply to the basic accounting statements. 

(1) For purposes of comparability any special capital charges made against income account in company reports have been added back as well as "contingent" 
and "general" reserves. Special inventory reserves (amounting to .5, .5, .2, 1.7. 6.0, 11.3, 6.2, 3.0, 4.3, -1.8 and 2.5 in the years 1936-46 respectively I. 
whether shown by the company in operating expenses or as an adjustment to earned surplus, have been deducted in arriving at Net Operating Profit. 

(2) Includes depletion and deferred development provision amounting to 7.6, 10.4, 10.0, 9.5, 10.1, 10.2, 9.7. 8.3, 8.6, 8.4 and 8.3 in the years 1936-46 respectively. 

(3) Including the refundable portion of the Excess Profits Tax, amounting to 19.5, 33.3, 27.7, 26.8 and 2.2 in the years 1942-46 respectively. 



OR 689 COMPANIES* 

o anada 



1936-46 

NET PROFIT BEFORE TAX : INDUSTRIAL CLASSIFICATION 



116 



Millions of Dollars 



Grain Mill Products 

Food 

Drink 

Tobacco 

Leather. 

Rubber 

Primary Textiles 

Miscellaneous Textiles 

Clothing 

Wood Products, (incl. Logging). . . . 

Pulp and Paper 

Paper Products 

Printing and Publishing 

Iron, Steel and Products 

Machinery 

Electrical Machinery & Equipment 

Gold Mining 

Other Non-ferrous Metals 

Non-metallic Minerals (ex. Fuels) . 

Coal and Natural Gas 

Petroleum 

Chemicals 

Paints and Polishes 

Wholesale Trade & Service 

Retail Trade & Service 

Electric Utilities 

Communications 

Transportation and Storage 

Grain Elevators 



No. of 
Co's 



Total of 689 Companies . 



7 
49 
14 

4 
12 

7 
28 
14 
27 
19 
23 
25 
12 
51 
58 
27 
38 
18 
23 
17 
11 
31 
11 
67 
34 
24 

6 
18 
14 



689 



1936 193 



1.6 
10.6 
6.2 
8.0 
.7 
2.2 
6.4 
3.2 
1.1 

1.1 

2.3 

1.8 

1.3 

7.0 

7.2 

5.2 

45.4 

73.0 

2.3 

4.6 

35.6 

10.3 

.9 

3.9 

4.3 

14.4 

8.4 

.1 



1.6 

9.9 
7.5 
8.5 
.7 
2.0 
6.0 
3.2 
1.3 

1.5 

8.6 

2.6 

1.6 

13.6 

15.5 

9.1 

47.4 

102.9 

5.2 

5.0 

38.9 

12.2 

1.1 

4.9 

6.1 

17.3 

9.4 

.9 

.4 



1938 1939 1940 1941 1942 



9.9 
6.3 

8.4 

.5 

2.8 

4.1 

2.2 

.1 

.7 

2.0 

2.1 

1.3 

9.7 

13.2 

7.4 

50.9 

69.5 

5.6 

4.8 

36.1 

11.1 

.9 

3.7 

6.0 

16.7 

9.7 

1.3 

1.4 



2.5 

18.2 

7.6 

8.8 

1.0 

2.9 

10.6 

3.6 

1.9 

1.6 

10.5 

2.4 

1.7 

16.7 

11.1 

7.4 

52.0 

86.3 

6.3 

5.9 

33.2 

15.7 

1.5 

6.4 

7.6 

16.9 

9.8 

1.6 

1.2 



269.9 344.1 285.6 352.9 449.9 565.0 602.0 



3.2 

16.6 

8.5 

9.6 

1.1 

3.6 

17.5 

4.6 

2.7 

2.7 

28.7 

3.7 

2.0 

22.1 

24.2 

13.9 

54.9 

101.9 

8.5 

6.9 

34.1 

18.4 

1.9 

8.0 

10.0 

21.8 

12.6 

3.6 

2.6 



3.3 

21.0 

12.3 

10.2 

1.4 

7.1 

25.7 

7.1 

3.0 

3.1 

37.8 

4.9 

2.2 

30.8 

45.0 

22.5 

51.1 

120.4 

10.9 

7.0 

35.5 

22.1 

2.3 

10.5 

13.2 

26.2 

16.6 

8.4 

3.4 



3.8 

24>5 

15.7 

12.0 

2.1 

11.2 

25.8 

7.7 

4.8 

3.3 

26.5 

5.6 

2.4 

38.0 

61.6 

25.3 

40.7 

120.5 

12.1 

6.2 

34.7 

19.5 

3.3 

12.6 

17.6 

34.9 

19.8 

6.8 

3.0 



1943 



6.9 

27.1 

15.8 

11.3 

2.1 

9.9 

14.8 

6.8 

4.9 

3.3 

27.0 

5.9 

2.7 

36.2 

60.8 

21.3 

31.1 

109.6 

8.0 

6.2 

37.5 

17.9 

2.8 

14.1 

20.5 

33.4 

21.9 

5.2 

6.9 



571.9 



1944 

5.3 

28.7 

21.2 

11.2 

2.3 

7.8 

16.1 

6.2 

5.4 

4.1 

31.4 

5.9 

3.0 

29.9 

48.3 

21.0 

22.7 

92.5 

8.0 

5.8 

38.0 

19.8 

3.4 

12.8 

22.6 

28.9 

22.3 

4.6 

5.5 



1945 



4.9 

26.6 

32.1 

12.2 

2.1 

8.7 

15.2 

7.0 

5.3 

3.8 

31.8 

6.0 

3.5 

25.2 

43.5 

15.0 

20.1 

87.1 

10.6 

6.5 

38.1 

20.3 

3.7 

13.8 

26.2 

31.8 

25.4 

4.8 

4.3 



534.7 535.6 604.4 



1946 



5.1 

26.2 

42.9 

11.5 

2.6 

9.5 

14.4 

7.8 

7.8 

5.8 

74.2 

9.1 

3.7 

26.8 

33.2 

12.0 

14.8 

99.7 

13.4 

6.9 

42.4 

23.1 

3.7 

18.1 

29.6 

32.9 

22.0 

1.9 

3.3 



MILLIONS OF DOLLARS 

750[ 



PROFIT STATISTICS FOR 689 COMPANIES : 1936-46 

FISCAL YEAR NEAREST TO CALENDAR YEAR 



600 



450 



300 



150 



INCOME & EXCESS PROFITS TAXftxcL.ncrwoABLi portion) 
REFUNDABLE PORTION OF E. P TAX 
RETAINED INCOME 
DIVIDENDS PAID OUT 




PERCENT 

100 



1936 37 38 39 40 41 42 43 44 45 46 




1936 37 38 39 40 41 42 43 44 45 46 



117 



7 








































XII- 


MERCHANDISE EXPORTS 


m 


Millions of Dollars 
















Compiled from 


" Trade of Canada 


■*■< 


Calendar 
Years 


Fruits 

and 

Vegetables 


Wheat 

and 
Wheat 
Flourd) 


Oats 


Other 

Grains 

and 

Products 


Live 
Cattle 


Bacon 

and 

Hams 


Other 
Meats 


Cheese 


Other 

Milk 

Products 


Eggs 


Seeds 


Other , 
FarmC 
(incl. 
raw woo 


n 


1929 


18 


302 


5 


26 


14 


7 


9 


19 


10 




4 


24 


12 


1932 


11 


146 


5 


17 


2 


4 


3 


9 


3 


- 


. 1 


8 




1937 


16 


182 


2 


25 


16 


33 


9 


13 


5 


- 


5 


23 


:. 


1946 


29 


417 


23 


41 


18 


66 


63 


22 


13 


27 


13 


39 


: 


12-Mths. Ending 




























Sept. 1947 


36 


462 


20 


47 


15 


63 


51 


13 


14 


29 


14 


40 


I 


Monthly 




























1946-May 


1.1 


38.1 


1.6 


1.9 


1.9 


7.9 


3.6 


.1 


.8 


2.8 


.5 


3.6 


U 


June 


1.9 


35.3 


3.2 


2.0 


1.9 


4.9 


2.8 


.1 


1.0 


.9 


.1 


2.1 


a 


July 


1.0 


20.3 


3.0 


2.9 


2.1 


4.8 


2.4 


.1 


1.4 


2.2 


.1 


3.0 




Aug. 


2.2 


26.0 


1.4 


3.0 


1.9 


9.5 


3.5 


7.1 


2.4 


2.7 


.1 


4.4 


u 


Sept. 


3.0 


27.2 


1.7 


2.1 


1.5 


4.1 


3.1 


5.2 


1.7 


.9 


.3 


3.3 


r 


Oct. 


3.1 


29.9 


2.9 


6.7 


1.7 


3.5 


4.6 


3.2 


1.3 


1.7 


.8 


2.6 


u 


Nov. 


6.4 


47.7 


4.0 


6.4 


1.7 


3.1 


4.8 


1.7 


1.2 


3.1 


1.6 


2.6 1 




Dec. 


4.2 


25.9 


1.5 


9.3 


1.2 


8.2 


7.9 


1.3 


.7 


1.3 


1.9 


3.0 


2i 


1947-Jan. 


2.9 


36.8 


1.3 


3.6 


.8 


4.7 


7.1 


.5 


.7 


1.2 


2.7 


2.9 




Feb. 


2.8 


29.1 


.9 


2.0 


.6 


3.5 


6.8 


- 


.5 


4.0 


2.4 


2.7 




Mar. 


2.8 


27.1 


2.4 


2.4 


.8 


4.4 


2.5 


.2 


.5 


3.2 


1.8 


3.7 




Apr. 


1.9 


28.2 


1.2 


2.0 


1.3 


2.9 


2.8 


- 


.5 


2.5 


.9 


3.8 

5.5 


,. 


May 


3.4 


54.3 


.6 


2.8 


1.3 


10.7 


3.1 


.1 


1.4 


3.4 


.9 




June 


3.4 


67.8 


2.8 


5.0 


1.5 


7.1 


4.7 


.1 


1.8 


2.4 


.3 


3.9 ! 




July 


1.0 


49.6 


1.0 


3.2 


1.2 


4.5 


1.5 


.7 


1.8 


2.0 


.2 


2.5 




Aug. 


2.2 


34.1 


.7 


1.9 


1.5 


6.3 


2.3 


1.9 


2.1 


2.1 


.3 


3.3 




Sept. 


2.0 


31.2 


.6 


1.8 


1.7 


4.1 


2.4 


3.3 


1.8 


2.4 


.4 


3.3 

































Calendar 
Years 


Artificial 
Silk 


Other 

Fibres 

& Textiles 

(excl. raw 

wool) 


Farm 
Imple- 
ments & 
Machinery 


Machinery 

(excl. 
agriculture) 


Autos. 
Trucks 
& Parts 


Other 
Vehicles 
& Parts 


Other 

Iron and 

Steel 


Electrical 
Apparatus 


Aluminum 

and 
Products 


Copper 

and 
Products 


Lead 

and 

Products 


Nickel 

and 

Product 


1929 




8 


20 


7 


47 




16 


3 


15 


37 


11 


26 


1932 


- 


4 


2 


4 


7 


- 


4 


1 


4 


16 


3 


7 


1937 


2 


11 


10 


11 


27 


- 


18 


4 


19 


56 


18 


59 


1946 


8 


42 


29 


, 16 


78 


34 


71 


21 


56 


37 


17 


55 


12-Mths. Ending 


























Sept. 1947 


11 


33 


37 


34 


87 


12 


80 


18 


65 


49 


27 


.V.) 


Monthly 


























1946-May 


.9 


6.5 


3.3 


1.2 


5.2 


2.0 


6.1 


2.5 


6.4 


3.8 


1.1 


4.2 


June 


.4 


2.2 


2.5 


1.2 


10.6 


3.9 


6.6 


2.3 


5.4 


1.6 


1.3 


3.9 


July 


.9 


4.3 


3.0 


1.1 


8.4 


4.1 


5.6 


2.9 


1.3 


2.5 


1.6 


4.2 


Aug. 


1.1 


3.7 


2.1 


1.6 


7.8 


9.9 


9.5 


1.7 


14.0 


5.0 


1.4 


6.8 


Sept. 


.8 


2.2 


1.4 


1.0 


4.7 


1.1 


2.6 


.9 


4.4 


2.8 


1.9 


4.2 


Oct. 


.5 


2.3 


1.9 


2.1 


3.7 


.2 


2.8 


1.2 


1.9 


1.2 


1.0 


4.6 


Nov. 


1.0 


2.6 


2.1 


1.8 


6.7 


1.4 


6.9 


1.3 


11.8 


2.3 


1.1 


4.3 


Dec. 


1.0 


2.8 


1.8 


1.9 


5.7 


.7 


6.7 


1.5 


4.1 


5.4 


L.5 


4.6 


1947-Jan. 


.8 


2.2 


2.2 


2.5 


11.0 


.6 


5.2 


1.4 


3.1 


3.5 


1.8 


5.1 


Feb. 


.5 


1.9 


2.7 


1.4 


7.9 


.6 


7.5 


1.2 


2.0 


2.8 


1.6 


\:2 


Mar. 


.7 


2.3 


3.5 


2.6 


8.0 


.7 


5.9 


1.6 


3.9 


3.6 


2.9 


5.1 


Apr. 


•6 


2.4 


4.1 


2.2 


7.7 


1.1 


5.0 


1.9 


2.7 


3.2 


2.4 


4.1 


May 


1.3 


4.3 


4.7 


4.9 


8.8 


1.0 


9.8 


1.8 


9.5 


6.3 


3.6 


6.9 


June 


1.6 


4.9 


3.7 


4.2 


9.5 


.9 


8.0 


2.1 


6.0 


5.2 


2.7 


4.8 


July 


1.3 


2.8 


4.0 


4.2 


6.7 


1.5 


7.3 


1.8 


9.3 


5.4 


2.2 


4.7 


Aug. 


1.2 


2.5 


3.3 


2.8 


5.7 


1.2 


7.8 


1.3 


5.5 


5.1 


1.9 


6.0 


Sept. 


.9 


2.4 


2.9 


3.0 


5.1 


1.9 


7.1 


1.3 


5.4 


4.5 


3.9 


i.:> 



(1) In the case of wheat for 1937, 46 & 47, export clearance figures are based on Board of Grain Commissioners rather than Customs data. (2) Made ui 
1710. 2005. 2015, 2020. 2025, 2060. 2065, 2070, 2075, 2080, 2085. 2090, 2095, 2100-2110, 2490, 2500-2525, 2750, 2795, 2805, 2810, 2825, 2840. 2845, 2850, 2855, 2! ■ 



JMMODITY CLASSIFICATION 

ominion Bureau of Statistics 



Millions of Dollars 



Fish 
esh and 
rozen) 


Fish 
(canned & 

.salted) 


Furs 


Logs 

and 

Rounds 


Planks 

and 
Boards 


Pulpuood 


Wood Pulp 


Newsprint 


Other 
Paper 


Other 

Wood 

Products 


Alcoholic 
Beverages 


Rubber 
& Products 

(incl. 
synthetic) 


Calendar 
Years 


12 


24 


23 


10 


49 


13 


44 


149 


6 


22 


30 


32 


1929 


7 


11 


11 


3 


13 


5 


19 


83 


3 


8 


12 


7 


1932 


12 


16 


18 


7 


45 


12 


42 


126 


10 


20 


21 


18 


1937 


41 


45 


32 


20 


125 


29 


114 


266 


22 


50 


36 


22 


1946 

12-Mths. Ending 


36 


43 


25 


22 


190 


30 


160 


328 


29 


65 


30 


31 


Sept. 1947 

Monthly 


3.4 


2.5 


4.3 


1.4 


8.2 


1.3 


10.5 


21.8 


1.9 


3.8 


4.0 


2.4 


May-1946 


4.5 


4.2 


2.0 


1.4 


6.0 


2.3 


9.1 


21.5 


1.1 


1.9 


2.4 


1.7 


June 


5.0 


4.3 


1.5 


2.1 


10.9 


3.6 


9.4 


22.7 


2.0 


3.9 


3.0 


1.5 


July 


3.8 


4.0 


1.8 


2.6 


10.9 


4.0 


9.4 


25.2 


2.6 


4.4 


2.5 


1.9 


Aug. 


3.7 


4.4 


2.6 


2.5 


13.7 


2.6 


9.3 


19.6 


1.8 


4.7 


2.9 


1.3 


Sept. 


1.8 


5.3 


.8 


2.6 


16.0 


4.3 


10.2 


24.0 


1.5 


4.3 


2.9 


1.7 


Oct. 


1.2 


4.8 


.5 


2.8 


15.2 


2.1 


10.9 


28.7 


2.1 


6.1 


3.8 


2.4 


Nov. 


1.5 


3.2 


2.3 


1.2 


14.9 


1.3 


10.2 


25.7 


2.5 


5.8 


2.8 


2.4 


Dec. 


5.0 


4.6 


3.2 


1.1 


13.0 


2.1 


11.9 


24.9 


2.1 


3.7 


3.0 


3.2 


Jan. -1947 


5.1 


3.6 


2.6 


1.4 


15.7 


1.8 


11.2 


21.9 


2.1 


5.2 


1.7 


1.7 


Feb. 


!.2 


4.9 


4.1 


1.6 


17.7 


1.4 


14.2 


25.0 


2.4 


6.4 


2.3 


2.6 


Mar. 


:.:. 


3.2 


2.1 


1.3 


16.5 


1.5 


15.4 


30.0 


1.9 


6.4 


2.1 


2.1 


Apr. 


1.6 


2.7 


2.1 


1.0 


12.7 


1.5 


15.3 


29.9 


3.7 


5.6 


3.2 


4.0 


May- 


..7 


3.1 


1.9 


1.6 


15.1 


2.4 


14.1 


30.5 


3.2 


5.9 


2.9 


3.5 


June 


.4 


2.4 


1.8 


2.5 


16.1 


4.1 


15.9 


29.9 


2.5 


4.5 


1.7 


2.2 


July 


.7 


2.8 


1.3 


2.1 


17.5 


4.2 


15.2 


29.0 


2.3 


5.4 


1.5 


3.2 


Aug. 


.9 


2.8 


2.0 


2.8 


19.9 


3.6 


15.6 


28.2 


2.4 


5.6 


2.2 


2.1 


Sept. 



— 

V ious 
Itals 
|koM) 


Zinc 

and 

Products 


Other 
Non- 
ferrous 
Metals 


Asbestos 


Other 
Non- 
metallic 
Minerals 


Fertilizers 


Other 
Chemicals 
& Products 


Ships 

and 

Vessels 


Aircraft 
and 
Parts 


All 

Other 

Exports 


Net Non- 
monetary 
Gold 


Total 

Exports 

(Including 

gold) 


Calendar 
Years 


2 


9 


5 


13 


17 


7 


14 


1 




33 


37 


1,190 


1929 


6 


4 


2 


3 


6 


3 


8 


- 


- 


14 


70 


560 


1932 


9 


15 


5 


15 


16 


7 


15 


1 


- 


27 


145 


1,176 


1937 


•1 
I 


28 


13 


24 


33 


32 


35 


19 


10 


100 


96 


2,447 


1946 

12-Mths. Ending 


r 


31 


15 


30 


40 


33 


47 


19 


9 


96 


93 


2,743 


Sept. 1947 

Monthly 


2 


2.4 


1.2 


2.2 


2.6 


2.4 


3.4 


.5 


.1 


7.6 


10.0 


207.2 


May-1946 


(i 


1.5 


.7 


2.3 


2.7 


2.4 


2.8 


2.0 


.2 


6.3 


7.7 


185.3 


June 


i 


2.4 


1.0 


2.3 


3.3 


2.5 


3.4 


.5 


.3 


7.7 


6.6 


184.8 


July 


. . t 


2.2 


2.0 


2.5 


3.4 


2.8 


3.8 


3.4 


.4 


13.9 


7.5 


246.7 


Aug. 


'•) 


1.2 


1.2 


2.3 


2.8 


2.7 


2.6 


1.8 


.9 


7.9 


6.8 


183.8 


Sept. 


5 


1.8 


.9 


2.2 


3.1 


2.9 


2.9 


4.8 


.9 


9.3 


8.5 


202.6 


Oct. 


.' i 


2.1 


1.1 


2.2 


3.5 


2.5 


2.9 


1.0 


1.9 


9.0 


6.0 


245.0 


Nov. 


] s 


4.2 


1.0 


2.3 


3.3 


2.4 


3.2 


.7 


1.4 


7.0 


6.7 


213.0 


Dec. 


1 > 


4.0 


1.1 


2.2 


3.3 


3.1 


3.5 


.6 


.8 


7.5 


9.0 


217.9 


Jan. -1947 


r A 


1.7 


.8 


1.8 


2.5 


2.2 


2.8 


2.1 


.7 


5.9 


6.9 


190.3 


Feb. 


: i 


3.1 


1.3 


2.7 


2.8 


3.6 


3.8 


1.7 


.8 


10.1 


6.8 


216.1 


Mar. 


li 


1.4 


1.0 


3.0 


2.4 


2.9 


3.6 


1.5 


.5 


6.8 


6.4 


202.4 


Apr. 


2i 


3.1 


1.7 


3.3 


3.4 


2.7 


5.2 


.6 


.5 


9.3 


8.2 


275.2 


May 


2! 


2.3 


1.6 


2.8 


4.1 


2.9 


6.2 


.6 


.3 


9.7 


8.6 


283.4 


June 


1, 


2.3 


1.3 


2.5 


4.1 


2.8 


4.5 


.3 


.6 


8.1 


10.1 


245.6 


July 


1; 


2.3 


1.7 


2.6 


3.6 


2.2 


3.9 


2.4 


.O 


6.5 


7.5 


226.1 


Aug. 


l, 


2.4 


1.7 


2.9 


3.9 


3.0 


3.9 


3.1 


.3 


6.4 


8.4 


225.6 


Sept. 



ems listed in "Trade of Canada" under code numbers 180, 610, 690, 710, 790, 1170, 1500-1590, 1610, 1620, 1630, 1640, 1645. 1650. 1660. 1670, 1680, 
160- 87. ...... 



119 



... I -U WU 



Millions of Dollars 



XIII— IMPORTS AND EXPORTS BY COUNTRIES 

Compiled from "Trade of Canada", Dominion Bureau of Statistics 
1. MERCHANDISE IMPORTS'" 





TOTAL IMPORTS (Excluding Gold) FROM 


Re-Exports 
Ex. Gold 


Retained 
Imports 






British 


IMPIRe' 2 ' 




Other Foreign Countries 


Total 


Excess of 
Exports 
























U.S.A. 






Central 15 ' 




all 




Ex. Gold 


imports 




U.K. 


Other 




Europe 


Far East 


and 


Other 


Countries 








(1) 


(2) 




(3) 


(4) 


S. America 




(I) 








Calendar Years 
























1929 


195 


62 


894 


96 


17 


33 


2 


1,299 


26 


1,273 


83 


1932 


94 


35 


264 


40 


7 


14 


1 


453 


8 


445 


115 


1937 


147 


89 


491 


46 


12 


21 


2 


809 


15 


794 


382 


1946 


139 


139 


1,405 


41 


5 


129 


6 


1,864 


27 


1,838 


610 


12-Months Ending 
























Sept. 1947 


171 


157 


1,905 


59 


11 


150 


5 


2,459 


34 


2,425 


318 


Monthly 
























1946— Aug. 


12.1 


13.5 


123.1 


2.9 


.2 


8.7 


.2 


160.8 


3.3 


157.5 


89.2 


Sept. 


11.4 


13.7 


115.8 


2.7 


.5 


10.9 


.4 


155.5 


2.1 


153.3 


30.5 


Oct. 


15.1 


15.1 


140.4 


3.7 


.9 


10.5 


.1 


185.9 


2.5 


183.4 


19.2 


Nov. 


14.4 


13.2 


149.5 


5.5 


1.1 


13.8 


.2 


197.7 


2.9 


194.8 


50.3 


Dec. 


11.3 


10.3 


145.6 


3.7 


.1 


9.9 


.5 


181.6 


2.4 


179.2 


33.8 


1947— Jan. 


13.7 


6.0 


136.6 


5.4 


1.2 


9.1 


1.2 


173.3 


1.8 


171.4 


46.5 


Feb. 


10.4 


12.9 


138.8 


3.9 


.8 


9.8 


.4 


177.0 


2.3 


174.7 


15.6 


Mar. 


13.8 


12.0 


165.5 


4.2 


.3 


12.7 


.4 


208.8 


2.9 


205.9 


10.2 


Apr. 


12.5 


12.1 


182.1 


4.2 


1.4 


12.8 


.2 


225.4 


2.5 


222.9 


20.4 


May 


14.8 


20.4 


184.7 


5.7 


.5 


13.5 


.4 


240.0 


3.4 


236.5 


38.6 


June 


18.1 


12.5 


174.7 


10.1 


1.8 


13.4 


.4 


231.0 


3.7 


227.3 


56.1 


July 


17.5 


18.7 


168.9 


4.1 


2.4 


14.4 


.7 


226.6 


3.1 


223.6 


22.0 


Aug. 


14.6 


13.5 


155.4 


4.1 


.5 


15.8 


.2 


204.0 


3.5 


200.5 


25.6 


Sept. 


15.0 


10.2 


163.0 


4.1 


.3 


14.7 


.2 


207.5 


3.0 


204.6 


21.0 



Millions of Dollars 






2. MERCHANDISE EXPORTS' 6 ' 












DOMESTIC EXPORTS (Excluding Gold) TO 




Total 




British Empire' 2 ' 


U.S.A. 


Other Foreign Countries 


Total 

all 

Countries 


Net 
Non- 
Monetary 

Gold 
Exports 


Exports 
Including 




U.K. 


Other 

(2) 


Europe 

(3) 


Far East 

(4) 


Central' 51 
and 
S. America 


Other 


Non- 

Monetary 

Gold 


Calendar Years 

1929 


225 


105 


493 


207 


68 


45 


11 


1,152 


37 


1,190 


1932 


151 


39 


159 


100 


20 


10 


12 


490 


70 


560 


1937 


384 


107 


382 


92 


33 


26 


7 


1,031 


145 


1,176 


1946 


631 


313 


880 


342 


60 


99 


27 


2,352 


96 


2,447 


12-Months Ending 

Sept. 1947 


733 


401 


989 


313 


62 


131 


22 


2,650 


93 


2,743 


Monthly 

1946— Aug. 


70.7 


33.5 


75.3 


39.8 


9.2 


9.8 


1.0 


239.2 


7.5 


246.7 


Sept. 


59.6 


24.3 


70.0 


11.9 


4.5 


5.4 


1.3 


177.0 


6.8 


183.8 


Oct. 


47.6 


23.6 


86.3 


21.9 


6.1 


8.0 


.6 


194.1 


8.5 


202.6 


Nov. 


63.1 


36.2 


85.7 


30.2 


9.4 


12.9 


1.6 


239.0 


6.0 


245.0 


Dec. 


59.4 


29.2 


84.0 


16.7 


5.1 


10.5 


1.4 


206.3 


6.7 


213.0 


1947— Jan. 


51.9 


30.0 


79.6 


22.2 


8.6 


15.3 


1.4 


208.9 


9.0 


217.9 


Feb. 


48.5 


25.1 


69.5 


22.5 


5.4 


11.3 


1.0 


183.4 


6.9 


190.3 


Mar. 


49.7 


30.3 


83.1 


29.2 


5.6 


9.5 


2.0 


209.3 


6.8 


216.1 


Apr. 


48.0 


26.6 


88.3 


17.6 


3.5 


10.0 


2.0 


196.0 


6.4 


202.4 


May 


88.3 


42.8 


79.8 


38.6 


4.3 


11.2 


2.0 


267.0 


8.2 


275.2 


June 


86.2 


52.0 


82.0 


38.2 


4.0 


9.8 


2.7 


274.8 


8.6 


283.4 


July 


70.8 


35.1 


82.0 


30.0 


3.9 


10.1 


3.6 


235.5 


10.1 


245.6 


Aug. 


63.9 


35.2 


81.4 


24.6 


2.2 


9.4 


2.0 


218.6 


7.5 


226.1 


Sept. 


55.8 


34.8 


S7.5 


21.0 


3.7 


12.7 


1.7 


217.2 


8.4 


225.6 



(1) Imports from the United Kingdom, do not include articles imported for the use of the armed forces of the United Kingdom, nor articles admitted 
free under Order in Council. In 1946-47 the item "Canadian goods returned" (9195) is excluded; a large volume of Canadian military equipment and 
stores for which no payment is involved has been returned under this heading. 

(2) Includes Egypt. 

(3) Includes Turkey and U.S.S.R. 

(4) China, Japan, Korea, Siam, French East Indies, Netherland East Indies, Philippines, Portuguese Asia and Guam. 

(5) Includes Non-British West Indies and Mexico. 

(6) In the case of wheat, export clearance figures are based on Board of Grain Commissioners rather than Customs data. 



mmm 

INDEX 1947 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

A 

Agriculture 

Dairy Products: cash income 29 .... 29 

exports: value 31, 117 

Farm Operating & Living Costs 10, 114 

Field Crops: cash income 29 .... 29 

Grains: acreage & production 98 

See also Grain & Products and Wheat 

Income 29 .... 29 

Livestock: cash income 29 .... 29 

See also Cattle 

Loans: chartered bank G. 106 ... 6, 106 

Prices 10, 114 

See also individual commodities or 

groups and Wholesale Price Indexes 
See also individual commodities or groups 

Aluminium 

Exports: value 31, 117 

Asbestos 

Exports: value 32, 118 

Production : value & volume . .26 

B 

Balance of International Payments 

Estimates . 57, 58 

See also Investment 

Bank Loans — See Chartered Banks 

Bank of Canada 

Assets M 

Deposits M 

Foreign Exchange M 

Investments M 

Liabilities M 

Note Circulation — see also Note Circulation M 

Reserve M 

Banks — Sec Bank of Canada and Chartered Banks 

Bond Issues 

New Issues and Retirements 11,39, 65, 111 

Summary of Changes in Currency of Payment 12,39,65, 111 

See also Government Bonds 

Business Activity M 

c 

Canadian National Railways 

Bonds Outstanding: total gtd. & ungtd. by currency of payment . . 12 

Deficit 41 

Loans from Dominion 41 

New Issues — see Bond Issues 
Retirements — see Bond Issues 

Sinking Funds 12 



121 



OCT. - NOV. 1947 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Capital Issues — See Bond Issues 

Car Loadings 

Volume 



Tables 



M 



Charts 



Cash (Chartered Banks) M .... 2, 16, 34, 85 

Cash Income— See Farm Income 

Cash Ratio (Chartered Banks) M 

Cattle & Meats 

Exports: value 31, 117 

Marketings 99 

Revenue Freight Loaded : volume 23 

Central Electric Stations — See Electric Power 



Chartered Banks 

Assets 

Cash 

Cash Ratio .... 
Deposits: annual classification 
demand & notice 



with Bank of Canada 
total .... 



Investments 

Liabilities 

Loans: annual classification 

call 

current 

total 

Note Circulation — see Note Circulation 
Security Holdings — see Investments (above) 

Chemicals & Allied Products 

Exports: value 32, 118 



M 

M . 
M 

5, 105 
M . 

M 
M . 

M . 

M 

6, 106 
M 

M . 
6, 100 



Financial Statistics 
Imports: value 



46, 48, 76, 115, 116 
13, 55, 101 



2, 16, 34, 85 



3, 5, 17, 35, 59, 60, 61 
86, 87, 105 

1,2,4, 5, 15, 16, 18, 
33, 34, 36, 85, 105 

4, 18, 36, 61, 62, 87, 88 



6, 106 

4, 18, 36, 62, 88 



Clothing 

Financial Statistics 
Retail Price Index 
Retail Sales Index 



46, 48, 115, 116 
23, 81, 113 
22, 82 



113 



Coal 



Financial Statistics 46, 48, 115, 116 

Imports: value 14, 56, 102 

Production: value & volume 26 

Revenue Freight Loaded: volume 23 



Commercial Failures 



53 



Construction 

Contracts Awarded: value: by area & type 
residential 



total 



Employment: index 

numbers 
Payrolls 

Value: by area and type 
Wage Rates: index 



24 

M, 24 
24 
27 
28 

28, 53 
53 
78 . 



Copper 

Exports: value 31, 117 

Production: value 26 

volume ....'... .... 26 . 



24 



78 



79 



OCT. - NOV. 1947 122 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Corporate Financf. 

Balance Sheet 47, 49, 50, 51, 52, 67, 

68, 69, 70, 71, 72, 73, 
74, 75, 76, 77 

Source & Use of Funds 47, 49, 50, 51, 52, 67, 

68, 69, 70, 71, 72, 73, 

74, 75, 76, 77 

Corporate Profits 46, 47, 49, 50, 51, 52, 116 

67, 68, 69, 70, 71, 72, 

73,74,75,76,77,115, 

116 

Cost of Living Indexes 

Component Indexes: Canada 23, 81, 113 . . . 96, 113 

U.S.A 96 

Farm Index 10, 114 

Current Loans — See Chartered Banks: Loans 

D 

Dairy Products 

Cash Income 29 29 

Exports: value 31, 117 

Department Store Sales 

Index of Value M, 22, 82 

Deposit Certificates 

Amount Outstanding 11,39,42,65,111 

Net New Issues or Retirements 11, 39, 65, 111 

Deposits — See Bank of Canada and Chartered Banks 

Dividends — See Interest & Dividends 

Dominion Finance — See Public Finance 

E 

Earnings 27 

See also Payrolls and Wages 

Electric Power 

Consumption: volume 25 

Exports: volume 25 

Financial Statistics 46,48,77,115,110 

Production: volume M, 25 

Employment 

Index: by industries 27 

total M, 27 .... 27 

Numbers: by industries 28 

Exports — See External Trade 

External Trade 

Balance of Merchandise Trade — see Merchandise (below) 

Capital & Current Account Items 57, 58 

Exports: value: by commodities 31,32, 117, 118 

by countries 30,54,84,100,119 

Imports: value: by commodities 13,14,55,56,101,102 

by countries 30, 54, 84, 100, 119 

Invisible Items 57, 58 

Merchandise Trade Balance 30, 54, 84, 100, 119 

Merchandise Trade in Balance of International Payments . ' . . 57, 58 

Re-exports: value ( 30, 54, 84, 100, 119 

Retained Imports: value ' 30, 54, 84, 100, 119 

Tourist Trade: receipts & expenditures 57, 58 



123 - — ffnwp 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

F 

Farm Income 

Canada: by products and regions 29 .... 29 

Farm Operating & Living Costs 10, 114 

Farm Products 

Exports: value 31, 117 

Price index: by province & total 10, 114 

Revenue Freight Loaded: volume 23 

Wholesale Price Index: Canada & U.S.A M 

Field Crops 

Cash Income 29 .... 29 

See also Wheat 

Fisheries 

Employment: numbers 83 

Exports: value 32, 83 118 

volume 83 

Investment: value 83 

Production: value: by type & provinces 83 

value & volume: by species 83 

Food Products 

Employment Index 27 

Financial Statistics 46, 48, 67, 115, 11G 

Retail Price Index 23, 81, 113 . . 113 

Retail Sales Index 22, 82 

Wholesale Price Index: Canada, U.K., U.S.A M 

Foreign Exchange Control Board 42 

Foreign Trade — See External Trade 

Forest Products 

Employment Index 27 

Exports: value 32, 118 

Financial Statistics 46, 48, 115, 116 

Imports: value 14, 56, 102 

Loans: chartered bank 6 

Revenue Freight Loaded: volume 23 

See also Paper, Wood Pulp & Pulpwood and Newsprint 

Fuel & Lighting 

Retail Price Index 23, 81, 113 . 113 

Funded Debt — See Public Finance 

Furniture 

Retail Price Index 23, 81, 113 . .113 

Retail Sales Index 22, 82 

G 

Gold 

Financial Statistics 46, 48, 73, 115, 116 

Non-Monetary: exports: value 30,32,54,84,100, 

118, 119 

Production: value 26 

volume M, 26 

Government Bonds 

Amount Outstanding: by currency of payment and issuing body . . 12 

Chartered Banks Investments 61, 62, 87 

New Issues 11, 39, 65, 111 

Prices: Yields: domestic: Canada M . . . . M 

U.K M . . . . M 

U.S.A M . . . . M 

Retirements 11,39,65,111 

Sinking Funds 12 

See also Public Finance: Debt 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Government Finance — See Public Finance 

Grain & Products 

Exports: value 31. 117 

Financial Statistics 46,48,115,116 

Imports: value 13, 55, 101 

Revenue Freight Loaded: volume 23 

Grains 

Acreage & Production 98 

See also Wheat 

H 

Housing 

Government Expenditures 41 

I 

Imports — See External Trade 

Income — See Corporate Profits, Earnings, Farm Income, 
Interest & Dividends, and Payrolls 

Interest & Dividends 46, 47, 48, 49, 50, 51, 52, 

67, 68, 69, 70, 71, 72, 73, 
74, 75, 76, 77, 115 

Investment 

Canadian investment abroad: estimates . . . . . . .66 

Foreign investment in Canada: estimates 66 

See also Bank of Canada, Chartered Banks, and Public Finance 

Iron 

Imports: value 13, 55, 101 

Production: value & volume 26 

Iron & Steel 

Employment Index 27 

Exports: value 31, 117 

Financial Statistics 46, 48, 70, 115, 110 

Imports: value 13, 55, 101, 102 

L 

Lead 

Production: value 26 

volume 26 79 

Livestock 

Cash Income 29 29 

Marketings 99 

Revenue Freight Loaded: volume 23 

See also Cattle & Meats 

Loans — See Chartered Banks 

M 

Machinery 

Employment Index 27 

Exports: value 31, 117 

Financial Statistics 46,48,71,72,115,116 

Imports: value 13, 55, 101 

Magnesium 

Production: value & volume 26 



125 WMBWP 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Manufactures 

Employment: index 27 

numbers 28 

Loans: chartered bank 6, 100 ... 6, 106 

Payrolls 28 

Revenue Freight Loaded: volume 23 

Wage Rates: index 78 .... 78 

Wholesale Price Index: Canada & U.S.A M .... 96 

See also individual commodities or groups 
and Business Activity 

Mercury 

Production: value & volume 20 

Metals 

Production: value & volume 26 

Revenue Freight Loaded: volume 23 

See also Non-Ferrous Metals 

Minerals 

Production of certain minerals: value & volume 26 

See also Non-Metallic Minerals 

Money — See Bank of Canada and Chartered Banks 

Motor Vehicles 

Exports: value 31, 117 

Imports: value 13, 55, 101 

Municipal Finance — See Public Finance: Municipalities 

Mutual Aid 57, 58 

N 

National Debt — See Public Finance 

National Income — -See Corporate Profits, Farm Income, and Payrolls 

Natural Gas 

Financial Statistics 46, 48, 115, 116 

Production: value & volume 26 

New Issues — See Bond Issues 

Newsprint 

Canada: exports: value 32, 118 

production: volume M, 25, 80 

North America: supply, consumption & stocks 25, 80 SO 

Nickel 

Exports: value 31, 117 

Production: value 26 

volume M, 26 ... 79 

Non-Ferrous Metals 

Exports: value 31, 117 

Financial Statistics 46, 48, 74, 115, 110 

Imports: value 14, 56, 102 

Non-Metallic Minerals 

Exports: value 32, 118 

Financial Statistics 46,48,115,110 

Imports: value 14, 50, 102 

Production: value & volume 26 

Revenue Freight Loaded: volume 23 

Note Circulation 

Bank of Canada fyl 

Bank of Canada Active & Chartered Bank M .... 1,15,33 



"OCT. 



m 



MV 



mm 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 



Tables 



Charts 



o 

Old Age Pensions — See Public Finance: Public Welfare 



P 

Paper, Wood Pulp & Pulpwood 

Exports: value 32, 118 

Financial Statistics 46,48,69,115,116 

Imports: value 14, 56, 102 

Revenue Freight Loaded: volume 23 

See also Newsprint 

Payrolls 

By Industries 28 

Index M .... 27 

Petroleum 

Financial Statistics 46, 48, 75, 115, 116 

Imports: value 14, 56, 102 

Production: value & volume 26 

Revenue Freight Loaded: volume 23 

Power — See Electric Power 

Prices — See individual commodities or groups or 

Cost of Living, Farm Products, Retail Price Indexes 
and Wholesale Price Indexes 

Production — See individual commodities or groups or 

Business Activity, Electric Power, and Manufactures 

Profits — See Corporate Profits 

Public Debt — see Public Finance 



Public Finance 

Canadian National Railways — See Canadian National Railways 
Dominion 

Agriculture: expenditures 41 

Balance at Bank of Canada M 

Bonds — see Debt (below) and Government Bonds 

Cash Requirements 41 

Debt, Funded: direct and guaranteed: by currency of payment . 12 

direct (net) 42 

Deposit Certificates — See Deposit Certificates 

Expenditure: by items 41 

Family Allowance Payments 41 

Housing: expenditures 41 

Interest 41, 42 

Investments 41 

Loans 41 

New Issues — see Bond Issues 

Public Welfare 41 

Public Works 41 

Repatriation of Dominion Bonds payable in London .... 41 

Retirements — see Bond Issues 

Revenue: by items 42 

Succession Duties 42 

Taxation: collection: by items 42 .... 45 

income 42, 90 . . .43,44,45,90 

Transportation: expenditures 41 

Treasury Bills — see Treasury Bills 

War & Demobilization Expenditure 41 

War Savings Certificates & Stamps 42 

War Service Gratuities 41 

Wartime Prices & Trade Board 41 






127 — ^^-^^^^J^ 

M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

Dominion & Provinces 

Subsidies and Grants 41, 93 

Tax Agreements: transfers 41, 93 

Municipalities 

Debt Outstanding: by class of municipality and province . . . 109 

Education: expenditures 110 

Expenditure 110 

Loans: chartered bank 6, 106 

Public Welfare 110 

Revenue _ 110 

Sinking Funds 109 

Taxes: collection: by items 110 

Transportation: expenditures 110 

Provinces 

Agriculture: expenditures 94 

Debt Outstanding: direct & gtd: by currency of payment ... 12 

direct & indirect: by province & total . . . 91, 92 

Education: expenditures 94 

Expenditure . ' 94 

Loans: chartered bank . 6, 106 

New Issues — see Bond Issues 

Public Welfare 94 

Retirements — see Bond Issues 

Revenue 93 

Sinking Funds 12, 91 

Taxation: collection: by items 93 

Transportation: expenditures 94 

Provinces & Municipalities 

Subsidies 94 

Pulpwood — See Paper, Wood Pulp & Pulpwood 

R 

Railways (Steam) 

Car Loadings M 

Revenue Freight Loaded: by products 23 

Wage Rates: index 78 .... 78 

Raw Materials 

Wholesale Price Index: Canada & U.S.A M .... 96 

Relief — See Public Finance: Public Welfare 

Rent 

Index 23, 81, 113 ... 113 

Retail Price Index 22,23,81,82,113 113 

Retail Sales 

Value & Volume 22, 82 ... 95 

See also Department Store Sales 

s 

Securities — See Banks, Bond Issues, Government Bonds 
and Public Finance 

Security Prices — See Government Bonds 

Silver 

Production: value & volume 26 

Steel 

Production: volume M 

See also Iron & Steel 

Stock Exchanges 

Common Stock Price Indexes 8 .... 8 

Market Value of Listings 8 .... 8 

Member Borrowings 8 

Shares Traded: value 8 



M indicates every issue. 

Unless otherwise stated tables and charts refer to Canada only. 

Tables and charts indexed under the same heading do not necessarily relate to the same intervals or units of time. 

Tables Charts 

T 

Taxation 

Income: Canada 42, 90 . . .43,44,45,90 

U.K 90 .... 44, 90 

U.S.A 90 .... 44, 90 

See also Corporate Profits and Public Finance 

Textiles 

Employment Index 27 

Exports: value 31, 117 

Financial Statistics 46,48,68,115,110 

Imports: value 14, 56, 102 

Timber — See Forest Products 

Tourist Trade (International) 

Receipts & Payments 57, 58 

Transportation 

Employment: index 27 

numbers 28 

Payrolls 28 

Wage rates: index 78 

See also Railways (Steam) 

Treasury Bills 

Canada, U.K., & U.S.A.: tender rate - . M 

Dominion Government: amount outstanding 11, 39, 42, 65, 111 

net new issues or retirements .... 11,39,65, 111 

Provincial Governments: amount outstanding 91,92 

u 

Unemployment Insurance 41, 42 

V 

Vehicles & Parts — See Motor Vehicles 

w 

Wages 

Wage Rates: index: by industry 78 .... 78 

See also Earnings and Payrolls 

War Materials 

Exports: value 32, 118 

Imports: value 14, 56 

Wheat 

Acreage & Production 98 

Exports: volume 97 .... 97 

Statistical Position 97 

Supplies & Distribution 97 .... 97 

Wheat & Flour 

Exports: value 31, 117 

volume 97 

See also Grains 

Wholesale Price Indexes 

Canada M .... 96 

U.K M 

U.S.A M .... 96 

See also individual commodities or groups 

Wood Pulp — See Paper, Wood Pulp & Pulpwood 

z 

Zinc 

Production: value 26 

volume 26 .... 79 






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